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Hagerty, Inc. (HGTY) Stock Forecast & Price Prediction

Live HGTY Stock Price & Analysis

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$10.22

+0.05 (0.49%)

12 Month Price Forecast For HGTY

$10.22
Current Price
$3.43B
Market Cap
3 Ratings
Buy 0
Hold 2
Sell 1
Wall St Analyst Ratings

Distance to HGTY Price Forecasts

+17.4%
To High Target of $12.00
+12.5%
To Median Target of $11.50
+7.6%
To Low Target of $11.00

HGTY Price Momentum

+5.5%
1 Week Change
+7.1%
1 Month Change
+24.0%
1 Year Change
+5.9%
Year-to-Date Change
-17.2%
From 52W High of $12.35
+27.0%
From 52W Low of $8.05

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 8, 2025 3:37 AM UTC

HGTY Analyst Ratings & Price Targets

Based on our analysis of 3 Wall Street analysts, HGTY has a consensus that is neutral. The median price target is $11.50, with forecasts ranging from $11.00 to $12.00. Currently, there are 0 Buy ratings, 2 Hold ratings, and 1 Sell ratings.

With HGTY currently trading at $10.22, the median price forecast suggests a 12.5% upside. The most optimistic forecast comes from at , projecting a 17.4% upside, while Mark Hughes at Truist Securities provides the most conservative target, suggesting a 7.6% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

HGTY Analyst Consensus

0
Buy
2
Hold
1
Sell

HGTY Price Target Range

Low
$11.00
Average
$11.50
High
$12.00
Current: $10.22

Latest HGTY Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for HGTY.

Date Firm Analyst Rating Change Price Target
Dec 26, 2024 Raymond James C. Gregory Peters Underperform Downgrade $0.00
Aug 8, 2024 Truist Securities Mark Hughes Hold Maintains $11.00
Jul 11, 2024 JP Morgan Pablo Singzon Neutral Maintains $11.00
Jan 11, 2024 JP Morgan Pablo Singzon Neutral Initiates $9.00
Jun 16, 2023 Truist Securities Mark Hughes Hold Initiates $11.00
Oct 20, 2022 Raymond James C. Gregory Peters Market Perform Initiates $0.00

Stocks Similar to Hagerty, Inc.

The following stocks are similar to Hagerty based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Hagerty, Inc. (HGTY) Financial Data

Hagerty, Inc. has a market capitalization of $3.43B with a P/E ratio of 71.9x. The company generates $1.15B in trailing twelve-month revenue with a 2.2% profit margin.

Revenue growth is +17.3% quarter-over-quarter, while maintaining an operating margin of +3.1% and return on equity of +13.8%.

Valuation Metrics

Market Cap $3.43B
Enterprise Value $1.33B
P/E Ratio 71.9x
PEG Ratio 6.9x
Price/Sales 3.0x

Growth & Margins

Revenue Growth (YoY) +17.3%
Gross Margin N/A
Operating Margin +3.1%
Net Margin +2.2%
EPS Growth -8.8%

Financial Health

Cash/Price Ratio +22.7%
Current Ratio 1.0x
Debt/Equity 28.7x
ROE +13.8%
ROA +2.0%

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Hagerty, Inc. logo

Hagerty, Inc. (HGTY) Company Overview

About Hagerty, Inc.

What They Do

Provides worldwide insurance agency services.

Business Model

Hagerty, Inc. operates by offering specialized insurance products for motor vehicles and boats, as well as reinsurance services. The company generates revenue through subscription-based services like the Hagerty Drivers Club, which includes a magazine, automotive events, and valuation tools, and also through its Hagerty Garage + Social platform that provides car storage and clubhouses for automotive enthusiasts.

Additional Information

Hagerty, Inc. is headquartered in Traverse City, Michigan, and targets a niche market of automotive enthusiasts, providing both insurance and community-related services tailored to collectors and classic car owners.

Company Information

Sector

Financial Services

Industry

Insurance - Property & Casualty

Employees

1,726

CEO

Mr. McKeel O. Hagerty

Country

United States

IPO Year

2021

Hagerty, Inc. (HGTY) Latest News & Analysis

HGTY stock latest news image
Quick Summary

Collector cars will be showcased for auction and private sale at Retromobile, located in Hall 1, Stand P 111.

Why It Matters

The auction of collector cars can indicate trends in luxury markets and consumer spending, potentially impacting related investments in automotive and collectibles sectors.

Source: GlobeNewsWire
Market Sentiment: Neutral
HGTY stock latest news image
Quick Summary

Broad Arrow has appointed Philip Kantor, Gregory Tuytens, and Paul Gaucher, who collectively have 50 years in collector car auctions, to enhance its team for European operations and marketing.

Why It Matters

The addition of experienced professionals to Broad Arrow enhances its expertise in the collector car auction market, potentially boosting investor confidence and market positioning.

Source: GlobeNewsWire
Market Sentiment: Neutral
HGTY stock latest news image
Quick Summary

A D-Type sports racing car will be auctioned without reserve on March 7-8, with an estimated value of $6.5-8.5 million.

Why It Matters

The auction of the D-Type, a highly valued sports racing car, signals strong demand for rare collectibles, potentially influencing investment strategies in luxury and collectible markets.

Source: GlobeNewsWire
Market Sentiment: Neutral
HGTY stock latest news image
Quick Summary

An early Ferrari, noted for its originality and never before publicly sold, is set to auction with an estimated value of โ‚ฌ5.5M to โ‚ฌ7.5M on May 24-25.

Why It Matters

The auction of a rare Ferrari, expected to fetch โ‚ฌ5.5-โ‚ฌ7.5M, signals high demand for classic cars, potentially driving up valuations in the luxury asset market.

Source: GlobeNewsWire
Market Sentiment: Neutral
HGTY stock latest news image
Quick Summary

Reverie will host a 30th anniversary celebration for The Amelia on March 6, 2025, featuring automotive-themed culinary experiences at the Ritz-Carlton Amelia Island.

Why It Matters

Reverie's unique automotive-themed event may attract affluent customers, boosting Ritz-Carlton's revenues and enhancing brand prestige, positively impacting investor sentiment.

Source: PRNewsWire
Market Sentiment: Neutral
HGTY stock latest news image
Quick Summary

Broad Arrow, a Hagerty company, reported $316 million in transactions in its third year, a 75% increase from 2023's $180 million, despite tough market conditions for collector cars.

Why It Matters

Broad Arrow's $316 million in transactions and 75% growth signal strong demand in the collector car market, reflecting resilience and potential profitability for Hagerty (NYSE: HGTY).

Source: GlobeNewsWire
Market Sentiment: Neutral

Frequently Asked Questions About HGTY Stock

What is Hagerty, Inc.'s (HGTY) stock forecast for 2025?

Based on our analysis of 3 Wall Street analysts, Hagerty, Inc. (HGTY) has a median price target of $11.50. The highest price target is $12.00 and the lowest is $11.00.

Is HGTY stock a good investment in 2025?

According to current analyst ratings, HGTY has 0 Buy ratings, 2 Hold ratings, and 1 Sell ratings. The stock is currently trading at $10.22. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for HGTY stock?

Wall Street analysts predict HGTY stock could reach $11.50 in the next 12 months. This represents a 12.5% increase from the current price of $10.22. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Hagerty, Inc.'s business model?

Hagerty, Inc. operates by offering specialized insurance products for motor vehicles and boats, as well as reinsurance services. The company generates revenue through subscription-based services like the Hagerty Drivers Club, which includes a magazine, automotive events, and valuation tools, and also through its Hagerty Garage + Social platform that provides car storage and clubhouses for automotive enthusiasts.

What is the highest forecasted price for HGTY Hagerty, Inc.?

The highest price target for HGTY is $12.00 from at , which represents a 17.4% increase from the current price of $10.22.

What is the lowest forecasted price for HGTY Hagerty, Inc.?

The lowest price target for HGTY is $11.00 from Mark Hughes at Truist Securities, which represents a 7.6% increase from the current price of $10.22.

What is the overall HGTY consensus from analysts for Hagerty, Inc.?

The overall analyst consensus for HGTY is neutral. Out of 3 Wall Street analysts, 0 rate it as Buy, 2 as Hold, and 1 as Sell, with a median price target of $11.50.

How accurate are HGTY stock price projections?

Stock price projections, including those for Hagerty, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.