Hippo (HIPO) to Release Quarterly Earnings on Friday

Hippo (NYSE:HIPO - Get Free Report) will be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce 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 - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($1.64) EPS for the quarter, missing analysts' consensus estimates of ($1.48) by ($0.16). The firm had revenue of $89.60 million for the quarter, compared to analyst estimates of $85.40 million. Hippo had a negative return on equity of 46.46% and a negative net margin of 57.80%. During the same quarter last year, the firm posted ($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 Stock Down 3.5 %

NYSE HIPO traded down $0.78 during trading hours on Friday, hitting $21.39. 346,672 shares of the stock were exchanged, compared to its average volume of 151,308. Hippo has a 12-month low of $7.49 and a 12-month high of $25.49. The stock has a 50-day moving average of $18.44 and a 200 day moving average of $18.14. The company has a market cap of $533.04 million, a price-to-earnings ratio of -2.94 and a beta of 1.34.

Wall Street Analysts Forecast Growth

HIPO has been the subject of several recent research reports. Jefferies Financial Group dropped their price objective 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 increased their price objective on shares of Hippo from $20.00 to $21.00 and gave the stock a "market perform" rating in a report on Monday, August 19th.

Insider Buying and Selling at Hippo

In other news, Chairman Assaf Wand sold 12,250 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $16.19, for a total value of $198,327.50. Following the sale, the chairman now owns 548,064 shares of the company's stock, valued at $8,873,156.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CRO Yuval Harry sold 2,958 shares of the firm'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 directly owns 104,247 shares of the company's stock, valued at $1,927,527.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Assaf Wand sold 12,250 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total value of $198,327.50. Following the completion of the transaction, the chairman now owns 548,064 shares of the company's stock, 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. In the last 90 days, insiders sold 16,627 shares of company stock worth $278,762. 11.37% of the stock is currently owned by corporate insiders.

Hippo Company Profile

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.