Brokers Set Expectations for Hippo Holdings Inc.’s Q1 2022 Earnings (NYSE:HIPO)

Hippo Holdings Inc. (NYSE:HIPOGet Rating) – Stock analysts at Jefferies Financial Group issued their Q1 2022 earnings estimates for shares of Hippo in a research report issued to clients and investors on Monday, April 11th. Jefferies Financial Group analyst Y. Kinar forecasts that the company will earn ($0.11) per share for the quarter.

A number of other equities analysts have also issued reports on HIPO. JMP Securities started coverage on shares of Hippo in a research report on Wednesday, February 9th. They issued an “outperform” rating and a $4.00 target price for the company. Zacks Investment Research upgraded shares of Hippo from a “sell” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group reduced their price objective on shares of Hippo from $5.40 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, April 5th. Finally, Morgan Stanley reduced their price objective on shares of Hippo from $4.60 to $3.76 and set an “overweight” rating for the company in a research report on Tuesday, March 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $4.25.

Shares of HIPO opened at $1.97 on Tuesday. The firm has a 50-day moving average price of $1.95 and a 200 day moving average price of $2.89. Hippo has a 52-week low of $1.63 and a 52-week high of $10.82.

Hippo (NYSE:HIPOGet Rating) last announced its earnings results on Thursday, March 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.03). The company had revenue of $32.10 million for the quarter, compared to analysts’ expectations of $28.00 million.

A number of hedge funds have recently bought and sold shares of HIPO. ETF Managers Group LLC purchased a new stake in shares of Hippo in the fourth quarter worth approximately $25,000. Wolverine Asset Management LLC purchased a new stake in shares of Hippo in the third quarter worth approximately $26,000. Texas Capital Bank Wealth Management Services Inc. purchased a new stake in shares of Hippo in the fourth quarter worth approximately $28,000. Vivaldi Capital Management LP purchased a new stake in shares of Hippo in the fourth quarter worth approximately $28,000. Finally, IPG Investment Advisors LLC purchased a new stake in shares of Hippo in the fourth quarter worth approximately $32,000. 10.60% of the stock is owned by institutional investors.

Hippo Company Profile (Get Rating)

Hippo Holdings Inc provides home protection insurance in the United States and the District of Columbia. Its insurance products include homeowners' insurance against risks of fire, wind, and theft; and commercial and personal lines of products. The company distributes insurance products and services through its technology platform; and offers its policies online, over the phone, or through licensed insurance agents.

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