Hagerty Inc

Company Profile

Hagerty Inc had its IPO on 2021-06-01 under the ticker symbol HGTY.

The company operates in the Financial Services sector and Insurance-Property & Casualty industry. Hagerty Inc has a staff strength of 1,874 employees.

Stock update

Shares of Hagerty Inc opened at $8.46 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $8.38 - $8.55, and closed at $8.39.

This is a -0.94% slip from the previous day's closing price.

A total volume of 57,314 shares were traded at the close of the day’s session.

In the last one week, shares of Hagerty Inc have slipped by -6.57%.

Hagerty Inc's Key Ratios

Hagerty Inc has a market cap of $3.01 billion, indicating a price to book ratio of 7.4633 and a price to sales ratio of 3.7956.

In the last 12-months Hagerty Inc’s revenue was $893.36 million with a gross profit of $405.64 million and an EBITDA of $13.10 million. The EBITDA ratio measures Hagerty Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Hagerty Inc’s operating margin was -3.3% while its return on assets stood at -1.37% with a return of equity of -1.98%.

In Q2, Hagerty Inc’s quarterly earnings growth was a negative -46% while revenue growth was a positive 26.8%.

Hagerty Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.05 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Hagerty Inc’s profitability.

Hagerty Inc stock is trading at a EV to sales ratio of 0.9392 and a EV to EBITDA ratio of 24.8549. Its price to sales ratio in the trailing 12-months stood at 3.7956.

Hagerty Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.55 billion

Total Liabilities

$75.01 million

Operating Cash Flow

$-6498000.00

Capital Expenditure

$8.12 million

Dividend Payout Ratio

0%

Hagerty Inc ended 2024 with $1.55 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.55 billion while shareholder equity stood at $67.42 million.

Hagerty Inc ended 2024 with $0 in deferred long-term liabilities, $75.01 million in other current liabilities, 33000.00 in common stock, $-489296000.00 in retained earnings and $115.06 million in goodwill. Its cash balance stood at $114.25 million and cash and short-term investments were $114.25 million. The company’s total short-term debt was $75,008,000 while long-term debt stood at $5.83 million.

Hagerty Inc’s total current assets stands at $469.51 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $355.26 million compared to accounts payable of $100.56 million and inventory worth $-470603000.00.

In 2024, Hagerty Inc's operating cash flow was $-6498000.00 while its capital expenditure stood at $8.12 million.

Comparatively, Hagerty Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$8.39

52-Week High

$11.4

52-Week Low

$7.72

Analyst Target Price

$10

Hagerty Inc stock is currently trading at $8.39 per share. It touched a 52-week high of $11.4 and a 52-week low of $11.4. Analysts tracking the stock have a 12-month average target price of $10.

Its 50-day moving average was $8.89 and 200-day moving average was $9.02 The short ratio stood at 11.65 indicating a short percent outstanding of 0%.

Around 1011.9% of the company’s stock are held by insiders while 8283.3% are held by institutions.