Porch Group, Inc. is a provider of a vertical software and insurance platform. Co. offers differentiated products and services, with homeowners' insurance at the center of this relationship. Co. serves approximately 30,000 companies, such as home inspectors, mortgage companies, and title companies. Co. has two segments: the Vertical Software segment and the Insurance segment. The Vertical Software segment provides software and services to inspection, mortgage and title companies on a subscription and transactional basis. The segment operates several key businesses, including inspection software and services, title insurance software, mortgage software, moving services and others. We show 19 historical shares outstanding datapoints in our PRCH shares outstanding history coverage, used to compute PRCH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PRCH market cap history over the course of time is important for investors
interested in comparing PRCH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PRCH versus a peer is one thing; comparing
PRCH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PRCH can fluctuate over the course of history.
With this page we aim to empower investors researching PRCH by allowing them to research the PRCH market cap history. |
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Video: The Importance of Market Cap
