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

Goosehead Insurance (NASDAQ:GSHD) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $66.7273.

A number of analysts recently weighed in on GSHD shares. Citizens Jmp decreased their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Truist Financial decreased their target price on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Royal Bank Of Canada upped 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. BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th.

Insider Activity at Goosehead Insurance

In related news, CFO John Arthur Martin purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of $34.73 per share, with a total value of $173,650.00. Following the acquisition, the chief financial officer directly owned 5,000 shares of the company’s stock, valued at approximately $173,650. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Ryan Langston purchased 2,800 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $35.56 per share, for a total transaction of $99,568.00. Following the acquisition, the insider directly owned 7,800 shares in the company, valued at approximately $277,368. The trade was a 56.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. Insiders own 38.07% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently made changes to their positions in the stock. Phocas Financial Corp. bought a new position in shares of Goosehead Insurance during the 4th quarter valued at $3,669,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Goosehead Insurance by 43,893.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock valued at $4,795,000 after purchasing an additional 64,963 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Goosehead Insurance by 1,075.4% during the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after purchasing an additional 105,979 shares during the last quarter. Jacobson & Schmitt Advisors LLC grew its holdings in shares of Goosehead Insurance by 31.8% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 136,553 shares of the company’s stock valued at $10,162,000 after purchasing an additional 32,981 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Goosehead Insurance by 26.7% during the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock valued at $11,491,000 after purchasing an additional 32,920 shares during the last quarter.

Goosehead Insurance Trading Up 6.6%

Shares of GSHD stock opened at $36.65 on Thursday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 32.15, a PEG ratio of 1.19 and a beta of 1.62. The firm’s 50 day moving average is $42.16 and its 200 day moving average is $56.41. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $113.00.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million for the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. Goosehead Insurance’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. On average, equities analysts predict that Goosehead Insurance will post 1.49 EPS for the current year.

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.