Key Points
- Insider sale: Hippo insider Michael Stienstra sold 3,900 shares at an average price of $31.12 for a total of $121,368, reducing his stake by 5.19% to 71,281 shares (valued at about $2.22M).
- Earnings beat but mixed outlook: Hippo reported $0.70 EPS for the quarter (vs. $0.04 estimate) and $120.6M in revenue, yet analysts still forecast a -3.63 EPS for the fiscal year while the consensus rating is a Moderate Buy with a $37.50 price target.
- Market and valuation metrics: HIPO opened at $30.73 with 50- and 200-day moving averages near $32.91 and $31.93, a market cap of $778.37M, a P/E of 8.49, and a 12-month range of $19.92–$38.98.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) insider Michael Stienstra sold 3,900 shares of the company's stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $31.12, for a total transaction of $121,368.00. Following the transaction, the insider owned 71,281 shares in the company, valued at $2,218,264.72. The trade was a 5.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Hippo Price Performance
HIPO stock opened at $30.73 on Tuesday. The firm has a 50 day moving average of $32.91 and a 200-day moving average of $31.93. The company has a market cap of $778.37 million, a price-to-earnings ratio of 8.49 and a beta of 1.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. Hippo Holdings Inc. has a 12-month low of $19.92 and a 12-month high of $38.98.
Hippo (NYSE:HIPO - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.66. Hippo had a negative return on equity of 5.89% and a net margin of 21.30%.The business had revenue of $120.60 million for the quarter, compared to analysts' expectations of $117.75 million. As a group, equities analysts expect that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.
Institutional Trading of Hippo
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new position in Hippo in the 3rd quarter valued at $963,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Hippo during the third quarter worth $5,842,000. Voleon Capital Management LP purchased a new stake in shares of Hippo in the third quarter valued at $1,048,000. Westerly Capital Management LLC increased its stake in Hippo by 3.7% in the third quarter. Westerly Capital Management LLC now owns 338,000 shares of the company's stock valued at $12,222,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Hippo in the third quarter valued at $125,000. 43.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently commented on HIPO. Keefe, Bruyette & Woods boosted their price objective on shares of Hippo from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hippo in a report on Wednesday, October 8th. Wall Street Zen downgraded Hippo from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Zacks Research upgraded Hippo from a "hold" rating to a "strong-buy" rating in a report on Friday, November 14th. Finally, Citigroup reissued an "outperform" rating on shares of Hippo in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.
Read Our Latest Stock Analysis on Hippo
About Hippo
(
Get Free Report)
Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo's policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.
Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.
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