Hagerty Inc [NYSE: HGTY] loss -0.34% or -0.03 points to close at $8.67 with a heavy trading volume of 183186 shares.
The daily chart for HGTY points out that the company has recorded -19.27% loss over the past six months.
If we look at the average trading volume of 59.70K shares, HGTY reached to a volume of 183186 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Hagerty Inc [HGTY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HGTY shares is $10.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HGTY stock is a recommendation set at 3.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Hagerty Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 26, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on January 11, 2024, representing the official price target for Hagerty Inc stock. Previously, the target price had yet another raise to $11, while Truist analysts kept a Hold rating on HGTY stock.
The Average True Range (ATR) for Hagerty Inc is set at 0.45, with the Price to Sales ratio for HGTY stock in the period of the last 12 months amounting to 2.48. The Price to Book ratio for the last quarter was 5.19. Price to Free Cash Flow for HGTY in the course of the last twelve months was 17.95.
Trading performance analysis for HGTY stock
Hagerty Inc [HGTY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.91. With this latest performance, HGTY shares dropped by -6.07% in over the last four-week period, additionally sinking by -19.27% over the last 6 months – not to mention a drop of -2.69% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HGTY stock in for the last two-week period is set at 40.26, with the RSI for the last a single of trading hit 42.29, and the three-weeks RSI is set at 39.54 for Hagerty Inc [HGTY]. The present Moving Average for the last 50 days of trading for this stock 9.44, while it was recorded at 8.69 for the last single week of trading, and 10.45 for the last 200 days.
Hagerty Inc [HGTY]: A deeper dive into fundamental analysis
Hagerty Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.33.
An analysis of Institutional ownership at Hagerty Inc [HGTY]
There are presently around $83.33%, or 91.56%% of HGTY stock, in the hands of institutional investors. The top three institutional holders of HGTY stocks are: STATE FARM MUTUAL AUTOMOBILE INSURANCE CO with ownership of 50.0 million shares, which is approximately 58.3519%. POLAR CAPITAL HOLDINGS PLC, holding 5.0 million shares of the stock with an approximate value of $$52.0 million in HGTY stocks shares; and POLAR CAPITAL HOLDINGS PLC, currently with $$42.79 million in HGTY stock with ownership which is approximately 4.8021%.
