Hagerty Inc Class A ( (HGTY) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Hagerty Inc Class A’s stock has been on the move due to its impressive financial performance and strategic growth initiatives. The company has nearly doubled its revenue to $1.2 billion since its NYSE listing, fueled by a strong brand and service excellence. A notable partnership with BMW AG for a prestigious auction event highlights its expanding presence in the European market. With a Q4 revenue of $291.7 million, surpassing estimates, and a projected FY25 adjusted EBITDA of $150M-$160M, analysts remain optimistic about Hagerty’s future, despite the recent stock price decline.
More about Hagerty Inc Class A
YTD Price Performance: 2.43%
Average Trading Volume: 50,920
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.45B
For further insights into HGTY stock on TipRanks’ Stock Analysis page.
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