Hippo (HIPO) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hippo in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HIPO shares.
View HIPO analyst ratings or view top-rated stocks.

4 equities research analysts have issued 12 month price objectives for Hippo's stock. Their HIPO share price forecasts range from $17.50 to $70.00. On average, they expect the company's share price to reach $33.88 in the next twelve months. This suggests a possible upside of 108.8% from the stock's current price.
View analysts price targets for HIPO or view top-rated stocks among Wall Street analysts.

Hippo's stock was trading at $13.60 at the start of the year. Since then, HIPO shares have increased by 19.3% and is now trading at $16.22.
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Hippo saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 907,600 shares, a drop of 7.5% from the April 30th total of 981,000 shares. Based on an average trading volume of 93,600 shares, the short-interest ratio is currently 9.7 days. Approximately 7.4% of the company's shares are sold short.
View Hippo's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our HIPO earnings forecast.

Hippo Holdings Inc. (NYSE:HIPO) issued its quarterly earnings data on Tuesday, May, 9th. The company reported ($3.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.64) by $0.37. The company earned $39.80 million during the quarter, compared to analysts' expectations of $30 million. Hippo had a negative trailing twelve-month return on equity of 44.09% and a negative net margin of 248.59%.

Hippo shares reverse split on the morning of Friday, September 30th 2022. The 1-25 reverse split was announced on Friday, September 30th 2022. The number of shares owned by shareholders was adjusted after the market closes on Friday, September 30th 2022. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.

Hippo issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $173.56M-, compared to the consensus revenue estimate of $178.63 million.

Hippo trades on the New York Stock Exchange (NYSE) under the ticker symbol "HIPO."

Hippo's stock is owned by a number of retail and institutional investors. Top institutional investors include Alyeska Investment Group L.P. (2.00%), Geode Capital Management LLC (1.33%), State Street Corp (1.25%), Wellington Management Group LLP (0.52%), Charles Schwab Investment Management Inc. (0.47%) and Renaissance Technologies LLC (0.37%). Insiders that own company stock include Assaf Wand, Noah Knauf, Richard Mccathron and Sam Landman.
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Shares of HIPO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HIPO stock can currently be purchased for approximately $16.22.

Hippo (NYSE:HIPO) has a market capitalization of $377.36 million and generates $135 million in revenue each year. The company earns $-333,400,000.00 in net income (profit) each year or ($14.66) on an earnings per share basis.

The company employs 621 workers across the globe.

Hippo's mailing address is 215 PARK AVENUE FLOOR 11, NEW YORK NY, 10003. The official website for the company is www.hippo.com. The company can be reached via email at investors@hippo.com.