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Hippo (NYSE:HIPO) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

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Hippo (NYSE:HIPO - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.08, Zacks reports. The company had revenue of $102.00 million during the quarter, compared to the consensus estimate of $97.83 million. Hippo had a negative net margin of 37.94% and a negative return on equity of 36.38%.

Hippo Stock Up 2.8 %

NYSE HIPO traded up $0.74 during trading hours on Tuesday, hitting $27.64. 228,265 shares of the company were exchanged, compared to its average volume of 178,543. Hippo has a 52 week low of $14.58 and a 52 week high of $35.44. The stock has a 50-day moving average price of $28.00 and a 200 day moving average price of $24.71. The stock has a market cap of $673.31 million, a PE ratio of -5.31 and a beta of 1.50.

Wall Street Analysts Forecast Growth

Separately, JMP Securities upped their target price on shares of Hippo from $25.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, November 22nd.

Check Out Our Latest Report on HIPO

Insider Transactions at Hippo

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $28.90, for a total value of $354,025.00. Following the transaction, the chairman now owns 486,814 shares of the company's stock, valued at $14,068,924.60. This represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Torben Ostergaard sold 3,022 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $25.77, for a total value of $77,876.94. Following the completion of the sale, the chief executive officer now owns 98,288 shares in the company, valued at approximately $2,532,881.76. The trade was a 2.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,383 shares of company stock worth $2,574,135. 11.37% of the stock is currently owned by company insiders.

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Hippo Company Profile

(Get Free Report)

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.

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Earnings History for Hippo (NYSE:HIPO)

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