Goosehead Insurance, Inc (NASDAQ:GSHD) Short Interest Up 5.1% in March

Goosehead Insurance, Inc (NASDAQ:GSHD) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 2,070,000 shares, an increase of 5.1% from the March 15th total of 1,970,000 shares. Approximately 9.2% of the company’s stock are sold short. Based on an average trading volume of 278,700 shares, the days-to-cover ratio is currently 7.4 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. TD Cowen assumed coverage on Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a research report on Monday. BMO Capital Markets decreased their price target on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.88.

Goosehead Insurance Stock Up 0.1 %

Goosehead Insurance stock opened at $56.50 on Thursday. Goosehead Insurance has a 12 month low of $51.06 and a 12 month high of $92.76. The stock has a market capitalization of $2.14 billion, a PE ratio of 99.12, a price-to-earnings-growth ratio of 3.98 and a beta of 1.28. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. The business has a 50 day simple moving average of $72.94 and a 200-day simple moving average of $73.11.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $63.01 million for the quarter, compared to analyst estimates of $68.18 million. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. On average, analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.67, for a total transaction of $297,685.78. Following the transaction, the insider now owns 132,349 shares in the company, valued at $10,014,848.83. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Goosehead Insurance news, CFO Mark E. Jr. Jones purchased 1,332 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of $74.86 per share, for a total transaction of $99,713.52. Following the acquisition, the chief financial officer now owns 1,332 shares in the company, valued at $99,713.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.67, for a total transaction of $297,685.78. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. Corporate insiders own 38.03% of the company’s stock.

Institutional Trading of Goosehead Insurance

Several large investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Goosehead Insurance by 7.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,897,246 shares of the company’s stock valued at $151,236,000 after purchasing an additional 212,130 shares during the last quarter. Vanguard Group Inc. boosted its stake in Goosehead Insurance by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock worth $179,589,000 after buying an additional 36,676 shares during the period. BlackRock Inc. increased its position in shares of Goosehead Insurance by 9.2% during the second quarter. BlackRock Inc. now owns 1,569,036 shares of the company’s stock valued at $98,677,000 after acquiring an additional 131,733 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of Goosehead Insurance by 30.7% in the 1st quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock valued at $117,605,000 after acquiring an additional 351,769 shares during the period. Finally, Durable Capital Partners LP boosted its position in shares of Goosehead Insurance by 24.4% during the 1st quarter. Durable Capital Partners LP now owns 932,444 shares of the company’s stock worth $73,262,000 after purchasing an additional 182,952 shares during the period.

Goosehead Insurance Company Profile

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