Hippo Holdings Inc. (NYSE:HIPO) Short Interest Up 20.3% in December
by Tristan Rich · The Markets DailyHippo Holdings Inc. (NYSE:HIPO – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 569,440 shares, a growth of 20.3% from the December 15th total of 473,218 shares. Based on an average daily volume of 171,481 shares, the short-interest ratio is currently 3.3 days. Currently, 2.5% of the shares of the stock are sold short. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily volume of 171,481 shares, the short-interest ratio is currently 3.3 days.
Hippo Trading Down 0.5%
NYSE:HIPO traded down $0.15 on Monday, hitting $30.39. 115,076 shares of the stock were exchanged, compared to its average volume of 126,367. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94. Hippo has a 52 week low of $19.92 and a 52 week high of $38.98. The stock has a market capitalization of $769.73 million, a price-to-earnings ratio of 8.39 and a beta of 1.57. The company’s 50-day moving average price is $31.29 and its 200 day moving average price is $32.18.
Hippo (NYSE:HIPO – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.04 by $0.66. The company had revenue of $120.60 million during the quarter, compared to analysts’ expectations of $117.75 million. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. On average, equities research analysts forecast that Hippo will post -3.63 earnings per share for the current year.
Insider Buying and Selling at Hippo
In other news, insider Michael Stienstra sold 3,900 shares of Hippo stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $31.12, for a total value of $121,368.00. Following the completion of the transaction, the insider owned 71,281 shares in the company, valued at approximately $2,218,264.72. The trade was a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard Mccathron sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $29.82, for a total value of $149,100.00. Following the sale, the chief executive officer owned 452,704 shares in the company, valued at approximately $13,499,633.28. This trade represents a 1.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,719 shares of company stock worth $486,567 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.
Institutional Trading of Hippo
Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in shares of Hippo in the 2nd quarter worth $33,000. AlphaQuest LLC increased its holdings in Hippo by 109.5% in the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock valued at $45,000 after purchasing an additional 654 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in 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. Public Employees Retirement System of Ohio bought a new position in Hippo during the third quarter worth about $125,000. Finally, State of Wyoming acquired a new position in shares of Hippo during the 2nd quarter worth about $127,000. Institutional investors own 43.01% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on HIPO. Wall Street Zen lowered Hippo from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Citigroup reiterated an “outperform” rating on shares of Hippo in a research report on Tuesday, October 14th. Zacks Research upgraded shares of Hippo from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Keefe, Bruyette & Woods boosted their target price on shares of Hippo from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 10th. Finally, JMP Securities set a $45.00 price target on shares of Hippo and gave the company a “market outperform” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.
Read Our Latest Report on Hippo
About Hippo
Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo’s policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.
Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.