Hippo (HIPO) Scheduled to Post Earnings on Thursday

Hippo (NYSE:HIPO) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Hippo to post earnings of ($1.41) per share for the quarter. Hippo has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($1.76) earnings per share for the quarter, beating the consensus estimate of ($2.04) by $0.28. Hippo had a negative return on equity of 61.14% and a negative net margin of 130.19%. The company had revenue of $64.50 million for the quarter, compared to analyst estimates of $57.00 million. On average, analysts expect Hippo to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Hippo Stock Down 1.5 %

NYSE HIPO opened at $21.02 on Thursday. Hippo has a twelve month low of $6.64 and a twelve month high of $25.49. The firm has a market capitalization of $511.00 million, a PE ratio of -1.81 and a beta of 1.57. The stock’s 50 day moving average is $17.75 and its 200 day moving average is $11.82.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market outperform” rating and set a $25.00 price target on shares of Hippo in a research report on Monday, April 15th.

Insider Transactions at Hippo

In other news, CRO Yuval Harry sold 14,938 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $17.20, for a total value of $256,933.60. Following the sale, the executive now directly owns 145,162 shares of the company’s stock, valued at $2,496,786.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Hippo news, CAO Anirudh Badia sold 1,735 shares of Hippo stock in a transaction on Monday, March 11th. The stock was sold at an average price of $18.39, for a total value of $31,906.65. Following the completion of the sale, the chief accounting officer now owns 122,454 shares of the company’s stock, valued at approximately $2,251,929.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Yuval Harry sold 14,938 shares of Hippo stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $17.20, for a total value of $256,933.60. Following the completion of the sale, the executive now directly owns 145,162 shares of the company’s stock, valued at approximately $2,496,786.40. The disclosure for this sale can be found here. Insiders own 11.28% of the company’s stock.

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.