Aspire Biopharma faces potential Nasdaq delisting after compliance shortfall
Hagerty Inc (HGTY) stock reached a new 52-week high, peaking at 12.99 USD, with the $4.24 billion market cap company showing impressive momentum. According to InvestingPro analysis, the stock appears undervalued at current levels. This milestone reflects a significant increase in the company’s market performance, with a remarkable 33.7% surge over the past six months and strong revenue growth of 17.9%. The surge in Hagerty’s stock price underscores the company’s robust growth and investor confidence, marking a notable achievement in its market trajectory. This 52-week high signals positive momentum for the company, as it continues to build on its recent successes and expand its presence in the market. Discover 10 additional exclusive insights about HGTY with InvestingPro’s comprehensive analysis.
In other recent news, Hagerty Inc. reported its second-quarter earnings for 2025, showing a mixed financial performance. The company missed its earnings per share (EPS) forecast, posting $0.09 against the expected $0.11, representing an 18.18% shortfall. However, Hagerty exceeded revenue expectations with $369 million, surpassing the forecasted $293.87 million by 25.46%. In another development, Hagerty announced a secondary offering of 8.7 million shares of its Class A Common Stock. The offering involves stockholders Hagerty Holding Corp. and Aldel LLC, with an option for underwriters to purchase an additional 1.3 million shares. Notably, Hagerty will not receive any proceeds from this sale. Additionally, Oppenheimer initiated coverage on Hagerty with an Outperform rating and set a price target of $15.00, highlighting the company’s unique focus on the classic car niche. These recent developments provide a comprehensive view of Hagerty’s current position in the market.
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