Hippo (HIPO) Set to Announce Quarterly Earnings on Thursday

Hippo (NYSE:HIPO) is set to post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Hippo to post earnings of ($1.48) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Hippo Price Performance

Shares of NYSE:HIPO opened at $15.11 on Wednesday. The company has a market capitalization of $369.14 million, a price-to-earnings ratio of -1.50 and a beta of 1.33. The business’s 50-day moving average is $17.02 and its 200-day moving average is $16.65. Hippo has a 1 year low of $6.64 and a 1 year high of $25.49.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $25.00 price objective on shares of Hippo in a research note on Monday, April 15th. Keefe, Bruyette & Woods downgraded Hippo from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $22.00 to $20.00 in a research note on Monday, July 22nd.

Insiders Place Their Bets

In other news, CRO Yuval Harry sold 14,995 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $18.16, for a total value of $272,309.20. Following the completion of the transaction, the executive now directly owns 123,993 shares of the company’s stock, valued at $2,251,712.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.37% of the company’s stock.

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.