KBW analyst Thomas McJoynt Griffith assigned a Buy rating to Hippo Holdings (HIPO – Research Report) yesterday and set a price target of $21.00. The company’s shares closed yesterday at $18.97.
According to TipRanks, McJoynt Griffith is a 4-star analyst with an average return of 37.9% and a 52.38% success rate. McJoynt Griffith covers the Financial sector, focusing on stocks such as Root, Lemonade, and Hippo Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hippo Holdings with a $23.00 average price target.
HIPO market cap is currently $536.5M and has a P/E ratio of -1.89.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HIPO in relation to earlier this year. Most recently, in March 2024, Harry Yuval, the CRO of HIPO sold 14,938.00 shares for a total of $256,812.23.
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Hippo Holdings (HIPO) Company Description:
Hippo is digital first licensed property casualty insurance provider. Through its Smart Home program, the company also provides smart home devices to detect water, fire, and theft. Leveraging real-time data, smart home technology, and a growing suite of home services, Hippo created an integrated home protection platform.
