NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Porch Group, Inc. (“Porch Group” or the “Company”) (NASDAQ: PRCH) on behalf of Porch Group stockholders. Our investigation concerns whether Porch Group has violated the federal securities laws and/or engaged in other unlawful business practices.
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Porch Group is a vertical software platform for the home, providing software and services to home services companies.
On March 1, 2022, after the market closed, Porch Group disclosed that it could not timely file its 2021 annual report. The Company also disclosed that it had identified material weaknesses in its internal control over financial reporting.
On this news, Porch Group’s stock declined by $0.87 per share, or approximately 12%, from $7.28 per share to close at $6.41 per share on March 2, 2022.
If you purchased or otherwise acquired Porch Group shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at firstname.lastname@example.org, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.