There is no way Hippo Holdings Inc. (HIPO) can keep these numbers up

Hippo Holdings Inc. (NYSE: HIPO) stock jumped 2.00% on Wednesday to $13.78 against a previous-day closing price of $13.51. With 0.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.16 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $13.96 whereas the lowest price it dropped to was $13.34. The 52-week range on HIPO shows that it touched its highest point at $96.25 and its lowest point at $12.77 during that stretch. It currently has a 1-year price target of $48.30.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HIPO was up-trending over the past week, with a rise of 0.51%, but this was down by -7.70% over a month. Three-month performance dropped to -44.40% while six-month performance fell -60.35%. The stock lost -84.07% in the past year, while it has lost -80.52% so far this year. A look at the trailing 12-month EPS for HIPO yields -14.61 with Next year EPS estimates of -8.65. For the next quarter, that number is -2.67. This implies an EPS growth rate of -442.80% for this year and 40.50% for next year.

Float and Shares Shorts:

At present, 22.84 million HIPO shares are outstanding with a float of 18.36 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.93 million, which was 4.06% higher than short shares on Sep 14, 2022. In addition to Mr. Assaf Wand as the firm’s Co-Founder & Exec. Chairperson of the Board, Mr. Richard Lyn McCathron CIC, CPCU serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 48.58% of HIPO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.80% of HIPO, in contrast to 14.99% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in HIPO with 4.03% of the stake, BlackRock Fund Advisors holds 922,589 shares worth 922,589. A second-largest stockholder of HIPO, The Vanguard Group, Inc., holds 669,846 shares, controlling over 2.93% of the firm’s shares. Clal Pension & Provident Funds Lt is the third largest shareholder in HIPO, holding 669,263 shares or 2.92% stake. With a 1.58% stake in HIPO, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 361,460 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.52% of HIPO stock, is the second-largest Mutual Fund holder. It holds 348,738 shares valued at 6.03 million. Vanguard Extended Market Index Fu holds 0.92% of the stake in HIPO, owning 210,442 shares worth 3.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HIPO since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HIPO analysts setting a high price target of $70.00 and a low target of $17.50, the average target price over the next 12 months is $41.50. Based on these targets, HIPO could surge 407.98% to reach the target high and rise by 27.0% to reach the target low. Reaching the average price target will result in a growth of 201.16% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HIPO will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of -$9.47 being high and -$14.86 being low. For HIPO, this leads to a yearly average estimate of -$13.17. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Hippo Holdings Inc. surprised analysts by -$2.79 when it reported -$5.66 EPS against a consensus estimate of -$2.87. The surprise factor in the prior quarter was -$0.63. Based on analyst estimates, the high estimate for the next quarter is -$2.19 and the low estimate is -$2.95. The average estimate for the next quarter is thus -$2.54.

Summary of Insider Activity:

Insiders traded HIPO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 59,181,011 while 51,965,807 shares were sold.

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