Hagerty (HGTY) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hagerty in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HGTY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HGTY, but not buy additional shares or sell existing shares.
View HGTY analyst ratings or view top-rated stocks.

2 brokers have issued twelve-month price targets for Hagerty's shares. Their HGTY share price forecasts range from $11.00 to $11.00. On average, they anticipate the company's stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 34.6% from the stock's current price.
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Hagerty's stock was trading at $8.41 at the beginning of 2023. Since then, HGTY shares have decreased by 2.9% and is now trading at $8.17.
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Hagerty saw a drop in short interest in September. As of September 15th, there was short interest totaling 1,280,000 shares, a drop of 5.9% from the August 31st total of 1,360,000 shares. Based on an average daily trading volume, of 90,800 shares, the days-to-cover ratio is presently 14.1 days. Approximately 1.7% of the shares of the stock are sold short.
View Hagerty's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our HGTY earnings forecast.

Hagerty, Inc. (NYSE:HGTY) released its quarterly earnings data on Tuesday, August, 8th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The firm earned $261.24 million during the quarter, compared to analysts' expectations of $259.56 million. Hagerty had a net margin of 1.17% and a negative trailing twelve-month return on equity of 7.80%.

Hagerty updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $968.00M-$1.00 billion, compared to the consensus revenue estimate of $991.60 million.

Hagerty trades on the New York Stock Exchange (NYSE) under the ticker symbol "HGTY."

Hagerty's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Fenimore Asset Management Inc. (0.28%), BlackRock Inc. (0.18%), Confluence Investment Management LLC (0.14%), Royce & Associates LP (0.14%), Geode Capital Management LLC (0.09%) and Granahan Investment Management LLC (0.06%).
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Shares of HGTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HGTY stock can currently be purchased for approximately $8.17.

Hagerty (NYSE:HGTY) has a market capitalization of $2.74 billion and generates $787.59 million in revenue each year. The company earns $32.08 million in net income (profit) each year or $0.01 on an earnings per share basis.

The company employs 1,874 workers across the globe.

Hagerty's mailing address is 105 S MAPLE STREET, ITASCA IL, 60143. The official website for the company is www.aldelfinancial.com. The company can be reached via phone at 800-922-4050 or via email at info@aldelfinancial.com.