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

Shares of Goosehead Insurance (NASDAQ:GSHD) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $68.4545.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Piper Sandler lifted their price target on Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada boosted their price objective on Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods lowered their price objective on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Finally, Citizens Jmp dropped their target price on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th.

Goosehead Insurance Trading Down 1.0%

Shares of GSHD stock opened at $64.55 on Tuesday. The firm has a fifty day simple moving average of $50.32 and a two-hundred day simple moving average of $48.42. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $90.79. The firm has a market capitalization of $2.29 billion, a PE ratio of 47.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.17. The firm had revenue of $95.63 million for the quarter, compared to analyst estimates of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. On average, equities analysts predict that Goosehead Insurance will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 22,481 shares of Goosehead Insurance stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $66.87, for a total transaction of $1,503,304.47. Following the transaction, the insider directly owned 6,767,661 shares of the company’s stock, valued at $452,553,491.07. The trade was a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $65.20, for a total transaction of $326,000.00. Following the completion of the sale, the insider owned 280,027 shares of the company’s stock, valued at approximately $18,257,760.40. The trade was a 1.75% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have purchased 202,779 shares of company stock valued at $11,829,350 and have sold 468,616 shares valued at $26,163,838. 38.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Langdon Equity Partners bought a new stake in Goosehead Insurance during the fourth quarter worth $41,892,000. M&T Bank Corp grew its stake in Goosehead Insurance by 1,075.4% in 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 period. Northwestern Mutual Wealth Management Co. grew its stake in Goosehead Insurance by 43,893.9% in 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 period. UBS Group AG grew its stake in Goosehead Insurance by 26.7% in 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 period. Finally, Wesbanco Bank Inc. increased its position in shares of Goosehead Insurance by 226.5% during the 1st quarter. Wesbanco Bank Inc. now owns 32,000 shares of the company’s stock valued at $1,365,000 after purchasing an additional 22,200 shares during the last quarter.

About Goosehead Insurance

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.