Short Interest in Hippo Holdings Inc. (NYSE:HIPO) Drops By 11.1%

Hippo Holdings Inc. (NYSE:HIPO) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 1,520,000 shares, a decline of 11.1% from the July 15th total of 1,710,000 shares. Currently, 11.5% of the company’s stock are sold short. Based on an average trading volume of 159,100 shares, the short-interest ratio is presently 9.6 days.

Insider Buying and Selling at Hippo

In other Hippo news, CRO Yuval Harry sold 2,958 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $18.49, for a total value of $54,693.42. Following the sale, the executive now owns 104,247 shares in the company, valued at approximately $1,927,527.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 19,372 shares of company stock worth $352,743. Corporate insiders own 11.37% of the company’s stock.

Institutional Trading of Hippo

A number of institutional investors have recently modified their holdings of HIPO. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hippo during the 4th quarter valued at $114,000. SVB Wealth LLC bought a new stake in shares of Hippo during the 4th quarter valued at $122,000. Steamboat Capital Partners LLC bought a new stake in shares of Hippo during the 1st quarter valued at $158,000. AQR Capital Management LLC bought a new stake in shares of Hippo during the 2nd quarter valued at $194,000. Finally, PEAK6 Investments LLC bought a new stake in shares of Hippo during the 1st quarter valued at $277,000. 43.01% of the stock is currently owned by institutional investors.

Hippo Trading Up 7.0 %

HIPO stock opened at $19.63 on Tuesday. The firm has a market capitalization of $479.56 million, a PE ratio of -1.95 and a beta of 1.33. Hippo has a 1-year low of $6.64 and a 1-year high of $25.49. The business’s 50 day simple moving average is $17.12 and its 200 day simple moving average is $17.23.

Hippo (NYSE:HIPO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($1.64) EPS for the quarter, missing analysts’ consensus estimates of ($1.48) by ($0.16). Hippo had a negative net margin of 57.80% and a negative return on equity of 46.46%. The firm had revenue of $89.60 million during the quarter, compared to analyst estimates of $85.40 million. During the same period in the prior year, the company earned ($4.61) earnings per share. As a group, sell-side analysts predict that Hippo will post -4.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Monday.

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.