Hippo Holdings Inc. [NYSE: HIPO] gained 1.96% on the last trading session, reaching $0.92 price per share at the time. The company report on June 23, 2022 that Hippo Set to Join Russell 2000® and Russell 3000® Indexes.
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Hippo Holdings Inc. (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022, according to a preliminary list of additions posted by FTSE Russell.
Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 6, 2022, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Hippo Holdings Inc. represents 561.62 million in outstanding shares, while the company has a total market value of $511.29 million with the latest information. HIPO stock price has been found in the range of $0.8785 to $1.00.
If compared to the average trading volume of 2.00M shares, HIPO reached a trading volume of 29333457 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Hippo Holdings Inc. [HIPO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HIPO shares is $3.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HIPO stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JMP Securities have made an estimate for Hippo Holdings Inc. shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on February 09, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on December 21, 2021, representing the official price target for Hippo Holdings Inc. stock. Previously, the target price had yet another raise to $8, while Jefferies analysts kept a Buy rating on HIPO stock.
The Average True Range (ATR) for Hippo Holdings Inc. is set at 0.09, with the Price to Sales ratio for HIPO stock in the period of the last 12 months amounting to 5.17. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 0.60.
Trading performance analysis for HIPO stock
Hippo Holdings Inc. [HIPO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.98. With this latest performance, HIPO shares dropped by -33.49% in over the last four-week period, additionally sinking by -68.89% over the last 6 months – not to mention a drop of -90.82% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HIPO stock in for the last two-week period is set at 27.96, with the RSI for the last a single of trading hit 27.10, and the three-weeks RSI is set at 30.17 for Hippo Holdings Inc. [HIPO]. The present Moving Average for the last 50 days of trading for this stock 1.4529, while it was recorded at 0.9190 for the last single week of trading, and 2.6872 for the last 200 days.
Hippo Holdings Inc. [HIPO]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Hippo Holdings Inc. [HIPO] shares currently have an operating margin of -235.64. Hippo Holdings Inc.’s Net Margin is presently recorded at -407.24.
Return on Equity for this stock declined to -69.46, with Return on Assets sitting at -53.99.
An analysis of insider ownership at Hippo Holdings Inc. [HIPO]
There are presently around $133 million, or 37.10% of HIPO stock, in the hands of institutional investors. The top three institutional holders of HIPO stocks are: BOND CAPITAL MANAGEMENT, LP with ownership of 30,003,193, which is approximately New of the company’s market cap and around 3.10% of the total institutional ownership; INNOVIUS CAPITAL MANAGEMENT, LLC, holding 17,369,248 shares of the stock with an approximate value of $15.95 million in HIPO stocks shares; and CLAL INSURANCE ENTERPRISES HOLDINGS LTD, currently with $15.7 million in HIPO stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Hippo Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 59 institutional holders increased their position in Hippo Holdings Inc. [NYSE:HIPO] by around 64,168,484 shares. Additionally, 46 investors decreased positions by around 11,409,980 shares, while 28 investors held positions by with 69,467,126 shares. The mentioned changes placed institutional holdings at 145,045,590 shares, according to the latest SEC report filing. HIPO stock had 24 new institutional investments in for a total of 42,615,375 shares, while 19 institutional investors sold positions of 9,100,886 shares during the same period.