Goosehead Insurance (NASDAQ:GSHD) Given Average Recommendation of “Hold” by Analysts

Goosehead Insurance (NASDAQ:GSHD) has earned a consensus rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $67.7273.

Several equities research analysts recently issued reports on GSHD shares. Royal Bank Of Canada increased their target price on shares of Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Weiss Ratings downgraded shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Piper Sandler reduced their price objective on shares of Goosehead Insurance from $69.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $68.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $42.12 on Friday. The stock has a 50-day simple moving average of $45.28 and a two-hundred day simple moving average of $60.03. The firm has a market capitalization of $1.50 billion, a PE ratio of 36.95, a P/E/G ratio of 1.51 and a beta of 1.62. Goosehead Insurance has a 52-week low of $39.64 and a 52-week high of $114.76.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. During the same quarter last year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities analysts forecast that Goosehead Insurance will post 1.4 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, Director Louis Goldberg purchased 5,575 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $44.85 per share, with a total value of $250,038.75. Following the completion of the acquisition, the director directly owned 5,575 shares in the company, valued at $250,038.75. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 5,090 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $45.32, for a total value of $230,678.80. Following the completion of the transaction, the insider owned 7,203,796 shares in the company, valued at $326,476,034.72. The trade was a 0.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 10,576 shares of company stock worth $494,568. Insiders own 38.07% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Durable Capital Partners LP raised its position in shares of Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after buying an additional 861,374 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Goosehead Insurance by 32.3% during the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after acquiring an additional 559,087 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Goosehead Insurance by 38.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after acquiring an additional 556,293 shares in the last quarter. Langdon Equity Partners purchased a new position in Goosehead Insurance during the fourth quarter valued at $41,892,000. Finally, Whitebark Investors LP purchased a new position in Goosehead Insurance during the third quarter valued at $25,229,000.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.