PropTech Acquisition (NASDAQ:PTAC) Posts Earnings Results

PropTech Acquisition (NASDAQ:PTAC) issued its earnings results on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, FiscalAI reports.

PropTech Acquisition Price Performance

PTAC stock traded up $0.08 during trading on Friday, hitting $10.09. 30,006 shares of the company’s stock traded hands, compared to its average volume of 55,581. PropTech Acquisition has a 52 week low of $9.74 and a 52 week high of $10.10. The business has a fifty day simple moving average of $10.01 and a 200 day simple moving average of $8.02.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on PropTech Acquisition in a research report on Monday, September 28th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

About PropTech Acquisition

PropTech Acquisition Corporation was a special purpose acquisition company formed to pursue a merger or similar business combination with a technology-focused company in the real estate and property technology sectors. It did not operate a separate consumer product or service business while seeking a transaction. In December 2020, PropTech Acquisition completed its business combination with Porch.com, a software and services platform for the home services industry. Porch’s offerings included software for home service professionals and services that connected consumers with providers for home-related needs.