Hagerty Inc's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 43/118 in the Insurance industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 13.71.In the medium term, the stock price is expected to trend up.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Hagerty Inc's Score
Industry at a Glance
Industry Ranking
43 / 118
Overall Ranking
161 / 4562
Industry
Insurance
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
8
analysts
Hold
Current Rating
13.714
Target Price
+10.60%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Hagerty Inc Highlights
StrengthsRisks
Hagerty, Inc. is an automotive enthusiast brand. The Company is a provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the Americans who self-describe as car enthusiasts. Through its insurance business, the Company acts as a Managing General Agent (MGA) by underwriting, selling, and servicing collector car and enthusiast vehicle insurance policies. In addition, the Company offers Hagerty Drivers Club (HDC) memberships, which are primarily bundled with its insurance policies and give subscribers access to an array of products and services, including emergency roadside assistance, Hagerty Drivers Club Magazine, automotive enthusiast events, its proprietary vehicle valuation tool, and special vehicle-related discounts. It provides insurance for approximately 2.6 million collector cars and enthusiast vehicles.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 49.92% year-on-year.
Undervalued
The company’s latest PE is 37.59, at a low 3-year percentile range.
Institutional Buying
The latest institutional holdings are 78.90M shares, increasing 1.49% quarter-over-quarter.
Hagerty, Inc. is an automotive enthusiast brand. The Company is a provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the Americans who self-describe as car enthusiasts. Through its insurance business, the Company acts as a Managing General Agent (MGA) by underwriting, selling, and servicing collector car and enthusiast vehicle insurance policies. In addition, the Company offers Hagerty Drivers Club (HDC) memberships, which are primarily bundled with its insurance policies and give subscribers access to an array of products and services, including emergency roadside assistance, Hagerty Drivers Club Magazine, automotive enthusiast events, its proprietary vehicle valuation tool, and special vehicle-related discounts. It provides insurance for approximately 2.6 million collector cars and enthusiast vehicles.