Zacks Investment Research upgraded shares of Goosehead Insurance (NASDAQ:GSHD) from a hold rating to a buy rating in a report issued on Wednesday. They currently have $33.00 target price on the stock.
According to Zacks, “Goosehead Insurance Inc. operates as an insurance agency. Its product portfolio includes homeowner’s insurance; auto insurance; other personal lines products including flood, wind and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance, commercial lines insurance and life insurance. Goosehead Insurance Inc. is based in Texas, United States. “
Separately, Keefe, Bruyette & Woods cut Goosehead Insurance from an outperform rating to a market perform rating in a research report on Tuesday, June 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $25.00.
Shares of GSHD traded down $0.77 during trading hours on Wednesday, hitting $27.54. 46,515 shares of the stock were exchanged, compared to its average volume of 150,635. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of -1.80. Goosehead Insurance has a 12-month low of $10.78 and a 12-month high of $38.18.
Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Tuesday, August 7th. The company reported ($0.68) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.74). The company had revenue of $14.79 million during the quarter, compared to analysts’ expectations of $13.80 million. Equities analysts anticipate that Goosehead Insurance will post 0.28 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of GSHD. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Goosehead Insurance during the second quarter worth approximately $55,822,000. Jennison Associates LLC purchased a new stake in Goosehead Insurance in the 2nd quarter valued at $20,355,000. BlackRock Inc. purchased a new stake in Goosehead Insurance in the 2nd quarter valued at $12,772,000. American Century Companies Inc. purchased a new stake in Goosehead Insurance in the 2nd quarter valued at $5,753,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Goosehead Insurance in the 2nd quarter valued at $5,297,000. Hedge funds and other institutional investors own 75.64% of the company’s stock.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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