Hippo Holdings Inc. (NYSE:HIPO – Get Rating) shares are going to reverse split before the market opens on Friday, September 30th. The 1-25 reverse split was announced on Friday, September 30th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, September 30th.
Hippo Stock Down 0.9 %
Hippo stock opened at $0.83 on Thursday. The stock has a market cap of $476.49 million, a price-to-earnings ratio of -1.89 and a beta of 0.56. Hippo has a 12 month low of $0.73 and a 12 month high of $5.09. The business has a 50 day moving average price of $0.90 and a two-hundred day moving average price of $1.31.
Hippo (NYSE:HIPO – Get Rating) last issued its earnings results on Thursday, August 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The firm had revenue of $28.70 million during the quarter, compared to the consensus estimate of $31.00 million. Hippo had a negative return on equity of 27.99% and a negative net margin of 218.29%. On average, analysts expect that Hippo will post -0.49 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On Hippo
A number of hedge funds have recently made changes to their positions in the company. ETF Managers Group LLC acquired a new position in Hippo in the fourth quarter valued at about $25,000. ProShare Advisors LLC bought a new stake in shares of Hippo during the second quarter worth $25,000. Vivaldi Capital Management LP acquired a new stake in shares of Hippo during the fourth quarter worth $28,000. IPG Investment Advisors LLC acquired a new position in Hippo in the 4th quarter worth $32,000. Finally, Royal Bank of Canada bought a new position in shares of Hippo during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 39.77% of the company’s stock.
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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