Hippo Holdings (HIPO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
The mean of analysts' price targets for Hippo Holdings (HIPO) points to a 35% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Shares of Hippo Holdings Inc (HIPO, Financial) surged 4.52% in mid-day trading on Oct 2. The stock reached an intraday high of $17.27, before settling at $17.22, up from its previous close of $16.47.
Hippo Holdings (HIPO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Hippo Holdings Inc. (HIPO) came out with a quarterly loss of $1.64 per share versus the Zacks Consensus Estimate of a loss of $1.77. This compares to loss of $4.61 per share a year ago.