B. Riley Has Bullish Estimate for Hippo FY2028 Earnings

Key Points

• B. Riley has significantly increased its FY2028 earnings per share (EPS) estimate for Hippo Holdings to $4.75, up from $2.36, maintaining a "Buy" rating with a price target of $41.00.
• Recent ratings from other brokerages include an upgrade from "sell" to "hold" by Wall Street Zen and a price objective increase from $35.00 to $40.00 by JMP Securities, indicating a positive outlook for the stock.
• Hippo's stock recently traded at $31.30 and has had a volatile fifty-two week range, with a low of $15.74 and a high of $35.44.

Hippo Holdings Inc. (NYSE:HIPO - Free Report) - Equities research analysts at B. Riley boosted their FY2028 EPS estimates for Hippo in a research report issued to clients and investors on Wednesday, August 13th. B. Riley analyst R. Binner now forecasts that the company will post earnings of $4.75 per share for the year, up from their prior estimate of $2.36. B. Riley currently has a "Buy" rating and a $41.00 target price on the stock. The consensus estimate for Hippo's current full-year earnings is ($3.63) per share.

A number of other brokerages have also recently issued reports on HIPO. Wall Street Zen raised shares of Hippo from a "hold" rating to a "buy" rating in a research report on Sunday. JMP Securities upped their price objective on shares of Hippo from $35.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hippo from $24.00 to $26.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.25.

Hippo Stock Performance

Shares of Hippo stock traded up $0.1910 during trading on Friday, reaching $31.2610. The company's stock had a trading volume of 101,725 shares, compared to its average volume of 212,138. The business's 50-day moving average price is $27.99 and its 200-day moving average price is $26.50. The firm has a market cap of $782.40 million, a PE ratio of -63.80 and a beta of 1.53. Hippo has a 52 week low of $15.74 and a 52 week high of $35.44. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.14.

Hippo (NYSE:HIPO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.65) by $1.30. The company had revenue of $117.30 million during the quarter, compared to analysts' expectations of $116.00 million. Hippo had a negative net margin of 2.52% and a negative return on equity of 12.13%.

Insider Activity

In other Hippo news, CEO Torben Ostergaard sold 4,889 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $24.61, for a total transaction of $120,318.29. Following the completion of the transaction, the chief executive officer owned 66,793 shares of the company's stock, valued at approximately $1,643,775.73. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Len Fw Investor, Llc sold 514,309 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $28.17, for a total value of $14,488,084.53. Following the completion of 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 521,642 shares of company stock valued at $14,681,601. Insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Hippo in the second quarter valued at approximately $33,000. BNP Paribas Financial Markets acquired a new position in shares of Hippo in the fourth quarter valued at approximately $118,000. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Hippo by 12.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company's stock valued at $125,000 after buying an additional 489 shares during the period. State of Wyoming acquired a new position in shares of Hippo in the second quarter valued at approximately $127,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Hippo by 418.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,402 shares of the company's stock valued at $179,000 after buying an additional 5,166 shares during the period. Institutional investors and hedge funds own 43.01% 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.