Hippo (NYSE:HIPO) Coverage Initiated at B. Riley

B. Riley initiated coverage on shares of Hippo (NYSE:HIPO - Free Report) in a research note released on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $35.00 price objective on the stock. B. Riley also issued estimates for Hippo's Q2 2025 earnings at ($0.73) EPS, Q3 2025 earnings at ($0.40) EPS, Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($3.09) EPS, FY2026 earnings at ($0.02) EPS, FY2027 earnings at $0.42 EPS and FY2028 earnings at $2.52 EPS.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group decreased their price target on Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods increased their target price on shares of Hippo from $24.00 to $26.00 and gave the company a "market perform" rating in a report on Tuesday, April 22nd.

Hippo Stock Performance

Shares of Hippo stock traded up $0.51 during trading hours on Tuesday, reaching $28.11. The company's stock had a trading volume of 124,889 shares, compared to its average volume of 186,944. The company has a market capitalization of $707.25 million, a P/E ratio of -12.89 and a beta of 1.53. The stock's fifty day simple moving average is $25.12 and its two-hundred day simple moving average is $26.20. Hippo has a one year low of $14.58 and a one year high of $35.44.

Hippo (NYSE:HIPO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($1.91) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.50). The business had revenue of $110.30 million during the quarter, compared to the consensus estimate of $106.70 million. Hippo had a negative net margin of 13.21% and a negative return on equity of 29.27%. As a group, research analysts forecast that Hippo will post -3.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Torben Ostergaard sold 2,444 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $29.95, for a total value of $73,197.80. Following the transaction, the chief executive officer directly owned 64,349 shares of the company's stock, valued at approximately $1,927,252.55. The trade was a 3.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Len Fw Investor, Llc sold 514,309 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $28.17, for a total transaction of $14,488,084.53. Following the transaction, the insider directly owned 2,476,418 shares of the company's stock, valued at $69,760,695.06. This represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 521,642 shares of company stock worth $14,681,601 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its position in shares of Hippo by 90.8% in the fourth quarter. Renaissance Technologies LLC now owns 268,320 shares of the company's stock valued at $7,183,000 after acquiring an additional 127,716 shares during the period. Prudential Financial Inc. purchased a new position in shares of Hippo during the 4th quarter valued at $3,369,000. Dimensional Fund Advisors LP grew its position in shares of Hippo by 96.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 228,137 shares of the company's stock valued at $6,107,000 after purchasing an additional 112,108 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Hippo in the first quarter worth $2,636,000. Finally, Tenzing Global Management LLC bought a new stake in Hippo during the first quarter valued at $2,556,000. 43.01% of the stock is owned by institutional investors.

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.