Key Points
- Hippo CEO Torben Ostergaard sold 1,169 shares at $33 each for total proceeds of $38,577, reducing his ownership by 1.86% to 61,824 shares.
- Hippo reported quarterly EPS of $0.79, beating the consensus estimate of a $0.17 loss, while revenue reached $144.7 million versus expectations of $137.44 million.
- Shares opened at $32.94, and analysts maintain a “Buy” consensus with an average price target of $40.50; institutional investors own 43.01% of the company.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Torben Ostergaard sold 1,169 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $33.00, for a total value of $38,577.00. Following the completion of the sale, the chief executive officer owned 61,824 shares of the company's stock, valued at approximately $2,040,192. This represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hippo Stock Up 0.9%
HIPO stock opened at $32.94 on Wednesday. The stock's 50 day simple moving average is $29.09 and its 200 day simple moving average is $27.77. The company has a market cap of $869.15 million, a P/E ratio of 7.08 and a beta of 1.47. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95. Hippo Holdings Inc. has a fifty-two week low of $24.08 and a fifty-two week high of $38.98.
Hippo (NYSE:HIPO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.96. The firm had revenue of $144.70 million during the quarter, compared to analysts' expectations of $137.44 million. Hippo had a return on equity of 10.68% and a net margin of 23.92%. On average, research analysts expect that Hippo Holdings Inc. will post 1.5 earnings per share for the current fiscal year.
Institutional Trading of Hippo
Several institutional investors have recently made changes to their positions in HIPO. Caitong International Asset Management Co. Ltd bought a new position in shares of Hippo during the fourth quarter valued at about $26,000. Altshuler Shaham Ltd grew its position in Hippo by 270.4% in the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 730 shares in the last quarter. Quantbot Technologies LP bought a new stake in Hippo in the 2nd quarter worth about $33,000. Torren Management LLC purchased a new stake in Hippo in the 4th quarter valued at about $55,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Hippo during the 4th quarter worth approximately $56,000. Institutional investors own 43.01% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on HIPO. Weiss Ratings restated a "hold (c)" rating on shares of Hippo in a research note on Friday, July 31st. Zacks Research raised shares of Hippo from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. B. Riley Financial restated a "buy" rating and issued a $41.50 target price (up from $38.00) on shares of Hippo in a report on Monday, August 3rd. Texas Capital raised shares of Hippo to a "strong-buy" rating in a research report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Hippo from $33.00 to $35.00 and gave the company a "market perform" rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $40.50.
Check Out Our Latest Stock Analysis on Hippo
Hippo Company Profile
(
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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