Lemonade stock still has a long way to go after last week's bump up [Seeking Alpha]
Hippo Holdings Inc. (HIPO)
Company Research
Source: Seeking Alpha
"Businesses within our sector that are not built on AI are missing out on one of the most forceful technologies around," he said in an interview late last Monday. "For us, it affects everything that we do. The whole company was built upon it." In the next trading session, the stock jumped 8.8% . During the holiday-shortened week, Lemonade ( LMND ) rose 13%. AI helps the company make underwriting, marketing spend, and claims-processing decisions. AI affects everything from risk management, to the cost-to-serve, to the user experience, Schreiber said. "Every consumer who comes in has about 50 different machine-learning models analyzing and making predictions about 'will they buy, will they churn, will they cross-sell, will they claim'?" Lemonade has grown its business by 5x and gross profit by 15x since its IPO four years ago , he said. However, it has been tough going for the stock. The stock closed on Friday at $16.10, or 44% below its IPO price of $29. Year-to-date, the stock
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HIPO
News
- Hippo Holdings Inc. (NYSE: HIPO) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $22.00 price target on the stock, up previously from $21.00.MarketBeat
- Hippo Holdings Inc. (NYSE:HIPO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Hippo Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Hippo Reports First Quarter 2024 Financial ResultsPR Newswire
- Vareto Introduces First Multiplayer Platform In Enterprise Planning CategoryBusiness Wire
HIPO
Earnings
- 3/6/24 - Beat
HIPO
Sec Filings
- 6/21/24 - Form 4
- 6/21/24 - Form 4
- 6/20/24 - Form 144
- HIPO's page on the SEC website