Hippo Holdings Inc. (NYSE:HIPO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Hippo Holdings Inc. (NYSE:HIPO) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $37.50.

A number of equities analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hippo in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Keefe, Bruyette & Woods increased their price objective on shares of Hippo from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Wednesday, December 10th. Citigroup reissued an “outperform” rating on shares of Hippo in a research report on Tuesday, October 14th. Finally, Wall Street Zen downgraded Hippo from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th.

Insider Buying and Selling at Hippo

In related news, CFO Guy Zeltser sold 1,819 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $32.16, for a total value of $58,499.04. Following the transaction, the chief financial officer directly owned 68,860 shares of the company’s stock, valued at approximately $2,214,537.60. The trade was a 2.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Stienstra sold 3,900 shares of the stock in a transaction dated Monday, December 22nd. The shares were 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 of the company’s stock, valued at approximately $2,218,264.72. The trade was a 5.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,719 shares of company stock worth $328,967 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIPO. Fluent Financial LLC lifted its position in shares of Hippo by 38.6% during the 2nd quarter. Fluent Financial LLC now owns 25,432 shares of the company’s stock valued at $710,000 after buying an additional 7,082 shares during the last quarter. Hood River Capital Management LLC bought a new stake in Hippo in the 2nd quarter valued at about $13,665,000. G2 Investment Partners Management LLC bought a new position in Hippo during the second quarter worth about $1,673,000. Entropy Technologies LP bought a new position in Hippo during the second quarter worth about $237,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Hippo in the second quarter worth about $514,000. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Hippo Stock Performance

Shares of HIPO opened at $31.26 on Friday. The firm has a market capitalization of $791.69 million, a P/E ratio of 8.63 and a beta of 1.57. Hippo has a 52 week low of $19.92 and a 52 week high of $38.98. The stock has a 50 day moving average price of $31.87 and a two-hundred day moving average price of $32.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94.

Hippo (NYSE:HIPO) last announced its earnings results on Tuesday, November 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.66. The company had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $117.75 million. Hippo had a negative return on equity of 5.89% and a net margin of 21.30%. Equities analysts forecast that Hippo will post -3.63 earnings per share for the current fiscal year.

About Hippo

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.