Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Consensus Recommendation of “Hold” from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $114.40.

Several research analysts have recently commented on the stock. Truist Financial lowered their target price on shares of Goosehead Insurance from $75.00 to $60.00 in a report on Wednesday, April 27th. Royal Bank of Canada reaffirmed a “maintains” rating on shares of Goosehead Insurance in a report on Thursday. Piper Sandler decreased their price objective on shares of Goosehead Insurance from $75.00 to $57.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. JMP Securities decreased their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, June 24th. Finally, William Blair cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating in a research note on Thursday.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Camille Peterson sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $51.26, for a total value of $358,820.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Goosehead Insurance news, major shareholder Mark E. Jr. Jones sold 811 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $55.03, for a total value of $44,629.33. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Camille Peterson sold 7,000 shares of Goosehead Insurance stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $51.26, for a total transaction of $358,820.00. The disclosure for this sale can be found here. Insiders have sold 37,811 shares of company stock worth $1,907,949 over the last quarter. Corporate insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds have recently modified their holdings of GSHD. Allspring Global Investments Holdings LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter worth $94,106,000. Wasatch Advisors Inc. lifted its holdings in shares of Goosehead Insurance by 94.1% during the fourth quarter. Wasatch Advisors Inc. now owns 1,145,046 shares of the company’s stock worth $148,948,000 after purchasing an additional 555,090 shares during the period. Capital World Investors lifted its holdings in shares of Goosehead Insurance by 335.5% during the first quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after purchasing an additional 437,576 shares during the period. Capital Research Global Investors lifted its holdings in shares of Goosehead Insurance by 165.2% during the fourth quarter. Capital Research Global Investors now owns 306,471 shares of the company’s stock worth $39,866,000 after purchasing an additional 190,902 shares during the period. Finally, Durable Capital Partners LP raised its stake in Goosehead Insurance by 24.4% during the first quarter. Durable Capital Partners LP now owns 932,444 shares of the company’s stock worth $73,262,000 after buying an additional 182,952 shares during the last quarter.

Goosehead Insurance Trading Down 6.2 %

Shares of GSHD opened at $56.21 on Friday. Goosehead Insurance has a 12 month low of $39.00 and a 12 month high of $181.30. The firm’s 50 day moving average is $49.66 and its 200-day moving average is $66.99. The stock has a market capitalization of $2.09 billion, a PE ratio of 351.33, a P/E/G ratio of 14.45 and a beta of 0.93.

Goosehead Insurance (NASDAQ:GSHD – Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Goosehead Insurance had a negative return on equity of 5.90% and a net margin of 2.20%. The business had revenue of $53.00 million for the quarter, compared to the consensus estimate of $50.93 million. During the same period in the prior year, the business posted $0.07 earnings per share. The firm’s revenue for the quarter was up 38.7% compared to the same quarter last year. Equities research analysts predict that Goosehead Insurance will post 0.24 earnings per share for the current fiscal year.

About Goosehead Insurance

(Get Rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.