Hippo (HIPO) Set to Announce Quarterly Earnings on Friday

Hippo (NYSE:HIPO) is scheduled to 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Hippo (NYSE:HIPO) last released its quarterly earnings data on Thursday, August 8th. The company reported ($1.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $89.60 million for the quarter, compared to the consensus estimate of $85.40 million. During the same period last year, the company 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 Price Performance

Shares of Hippo stock opened at $23.00 on Wednesday. The business has a 50-day simple moving average of $18.53 and a 200 day simple moving average of $18.13. The firm has a market capitalization of $573.16 million, a price-to-earnings ratio of -3.23 and a beta of 1.26. Hippo has a one year low of $7.75 and a one year high of $25.49.

Wall Street Analysts Forecast Growth

HIPO has been the subject of several research reports. Jefferies Financial Group reduced their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Hippo from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Monday, August 19th.

Insider Activity

In related news, CRO Yuval Harry sold 2,958 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $18.49, for a total transaction of $54,693.42. Following the completion of the sale, the executive now owns 104,247 shares in the company, valued at approximately $1,927,527.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Hippo news, CRO Yuval Harry sold 2,958 shares of the company’s stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total transaction of $198,327.50. Following the transaction, the chairman now directly owns 548,064 shares in the company, valued at approximately $8,873,156.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,627 shares of company stock worth $278,762 over the last 90 days. 11.37% of the stock is currently owned by corporate insiders.

About Hippo

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.