William Blair Analysts Reduce Earnings Estimates for Goosehead Insurance, Inc (NASDAQ:GSHD)

Goosehead Insurance, Inc (NASDAQ:GSHD) – Research analysts at William Blair decreased their Q1 2024 earnings estimates for shares of Goosehead Insurance in a research note issued on Monday, April 15th. William Blair analyst A. Klauber now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their prior forecast of $0.06. The consensus estimate for Goosehead Insurance’s current full-year earnings is $0.83 per share. William Blair also issued estimates for Goosehead Insurance’s Q4 2024 earnings at $0.21 EPS.

GSHD has been the topic of a number of other research reports. BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Piper Sandler boosted their price objective on shares of Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Truist Financial decreased their price objective on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Finally, TD Cowen started coverage on shares of Goosehead Insurance in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $56.50 on Thursday. The stock has a market cap of $2.14 billion, a PE ratio of 99.12, a PEG ratio of 3.98 and a beta of 1.28. The company’s fifty day moving average is $72.94 and its 200 day moving average is $73.11. Goosehead Insurance has a 52 week low of $51.06 and a 52 week high of $92.76. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.02.

Goosehead Insurance (NASDAQ:GSHD) last issued 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 business had revenue of $63.01 million during the quarter, compared to analysts’ expectations of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. USA Financial Formulas lifted its stake in shares of Goosehead Insurance by 5,350.0% in the fourth quarter. USA Financial Formulas now owns 327 shares of the company’s stock worth $25,000 after buying an additional 321 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance in the fourth quarter worth approximately $35,000. Harvest Fund Management Co. Ltd bought a new position in shares of Goosehead Insurance in the third quarter worth approximately $37,000. Group One Trading L.P. bought a new position in shares of Goosehead Insurance in the first quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Goosehead Insurance by 21.8% in the second quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock worth $58,000 after buying an additional 166 shares in the last quarter.

Insider Activity at Goosehead Insurance

In related news, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total transaction of $186,315.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the business’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 sale, the insider now owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. 38.03% of the stock is owned by corporate insiders.

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.