Hippo Holdings rises on upbeat Q4 results

Hippo Holdings

06/03/2024 14:38

** Shares of home insurance provider Hippo Holdings  HIPO.N 
rise 15.2% to $16.66
    ** The company reports Q4 revenue of $64.5 mln vs $35.8 mln
a year ago
    ** Posts adjusted loss of $1.73 per share, compared with a
loss of $2.74 per share a year earlier
    ** "We enter 2024... with renewed confidence we will
generate positive adjusted EBITDA in Q4" - CEO Rick McCathron
    ** Three of 4 brokerages rate stock "buy" or higher, 1
"hold"; median PT is $18 - LSEG data
    ** Stock up 58.55% YTD

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.parmar@thomsonreuters.com))