While Hippo Holdings Inc has overperformed by 0.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HIPO rose by 277.84%, with highs and lows ranging from $34.24 to $7.75, whereas the simple moving average jumped by 74.25% in the last 200 days.
On July 22, 2024, Keefe Bruyette Downgraded Hippo Holdings Inc (NYSE: HIPO) to Mkt Perform. A report published by William Blair on August 11, 2023, Initiated its previous ‘Mkt Perform’ rating for HIPO. Keefe Bruyette also rated HIPO shares as ‘Outperform’, setting a target price of $24 on the company’s shares in an initiating report dated November 17, 2022. JMP Securities Initiated an Mkt Outperform rating on February 09, 2022, and assigned a price target of $4. Morgan Stanley initiated its ‘Overweight’ rating for HIPO, as published in its report on December 21, 2021. Jefferies’s report from November 19, 2021 suggests a price prediction of $8 for HIPO shares, giving the stock a ‘Buy’ rating.
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Analysis of Hippo Holdings Inc (HIPO)
Further, the quarter-over-quarter increase in sales is 65.51%, showing a positive trend in the upcoming months.
One of the most important indicators of Hippo Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -34.63% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and HIPO is recording 153.49K average volume. On a monthly basis, the volatility of the stock is set at 7.94%, whereas on a weekly basis, it is put at 6.91%, with a gain of 14.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $31.00, showing decline from the present price of $32.91, which can serve as yet another indication of whether HIPO is worth investing in or should be passed over.
How Do You Analyze Hippo Holdings Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 44.31%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 31.29% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HIPO shares are owned by institutional investors to the tune of 31.29% at present.
