Hippo (HIPO) Scheduled to Release Quarterly Earnings on Friday

Hippo (NYSE:HIPO) will post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Hippo to post earnings of ($1.00) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Hippo (NYSE:HIPO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.48) by ($0.16). Hippo had a negative return on equity of 46.46% and a negative net margin of 57.80%. The firm had revenue of $89.60 million during the quarter, compared to the consensus estimate of $85.40 million. During the same period in the previous year, the firm earned ($4.61) EPS. On average, analysts expect Hippo to post $-5 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Hippo Stock Performance

HIPO stock opened at $22.21 on Friday. The company has a market cap of $553.47 million, a price-to-earnings ratio of -3.12 and a beta of 1.34. The business’s 50-day moving average is $18.44 and its two-hundred day moving average is $18.14. Hippo has a fifty-two week low of $7.03 and a fifty-two week high of $25.49.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HIPO shares. Keefe, Bruyette & Woods increased their price objective on shares of Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a research note on Monday, August 19th. Jefferies Financial Group decreased their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th.

Insider Activity

In related news, CRO Yuval Harry sold 2,958 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $18.49, for a total value of $54,693.42. Following the completion of the sale, the executive now directly owns 104,247 shares of the company’s stock, valued at approximately $1,927,527.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Chairman Assaf Wand sold 12,250 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total value of $198,327.50. Following the transaction, the chairman now directly owns 548,064 shares in the company, valued at $8,873,156.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Yuval Harry sold 2,958 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $18.49, for a total value of $54,693.42. Following the completion of the transaction, the executive now directly owns 104,247 shares of the company’s stock, valued at approximately $1,927,527.03. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,627 shares of company stock valued at $278,762 in the last ninety days. Corporate insiders own 11.37% of the company’s stock.

Hippo Company Profile

Hippo Holdings Inc provides property and casualty insurance products to individuals and business customers primarily in the United States. The company operates through three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. Its insurance products include homeowners' insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; and personal and commercial, as well as home, auto, cyber, small business, life, specialty lines, and other insurance products.