Published on 25 Aug 2022 on Insider Monkey via Yahoo Finance

Porch Group (PRCH)’s Performance is In-Line with Vulcan Value Partners’ Expectations

Investment management company Vulcan Value Partners recently released its second quarter 2022 investor letter. A copy of the same can be downloaded here. The firm carries five strategies and all these strategies trailed their benchmark index in the second quarter of 2022. The fund’s Large-Cap Composite returned -28.4% net of fees and expenses, Small Cap Composite returned net -25.8%, Focus Composite returned net -22.8%, Focus Plus composite returned net -22.9% and All Cap Composite returned net -29.1% during the quarter. You can check the top 5 holdings of the fund to know its best picks in 2022.

Vulcan Value Partners discussed stocks like Porch Group, Inc. (NASDAQ:PRCH) in the second quarter investor letter. Headquartered in Seattle, Washington, Porch Group, Inc. (NASDAQ:PRCH) is a software platform provider. On August 23, 2022, Porch Group, Inc. (NASDAQ:PRCH) stock closed at $2.3700 per share. One-month return of Porch Group, Inc. (NASDAQ:PRCH) rose to 16.18% and its shares lost 87.22% of their value over the last 52 weeks. Porch Group, Inc. (NASDAQ:PRCH) has a market capitalization of $236.433 million.

Here is what Vulcan Value Partners specifically said about Porch Group, Inc. (NASDAQ:PRCH):