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

Goosehead Insurance, Inc (NASDAQ:GSHD) – Stock analysts at William Blair increased their Q2 2024 earnings per share estimates for shares of Goosehead Insurance in a report released on Monday, April 15th. William Blair analyst A. Klauber now anticipates that the company will earn $0.26 per share for the quarter, up from their previous forecast of $0.25. 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 Q3 2024 earnings at $0.30 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.35 EPS.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $63.01 million during the quarter, compared to analyst estimates of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%.

A number of other research analysts have also commented on GSHD. TD Cowen assumed coverage on Goosehead Insurance in a report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Piper Sandler increased their price objective on Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. JMP Securities reissued a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a report on Monday. Finally, Truist Financial lowered their price objective on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $84.88.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $56.50 on Wednesday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 99.12, a P/E/G ratio of 3.98 and a beta of 1.28. The business’s 50-day simple moving average is $72.94 and its 200-day simple moving average is $73.11. Goosehead Insurance has a 52 week low of $51.06 and a 52 week high of $92.76.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark E. Jr. Jones acquired 1,332 shares of Goosehead Insurance stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $74.86 per share, with a total value of $99,713.52. Following the transaction, the chief financial officer now directly owns 1,332 shares in the company, valued at approximately $99,713.52. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. 38.03% of the stock is owned by corporate insiders.

Institutional Trading of Goosehead Insurance

Hedge funds have recently modified their holdings of the company. Harbor Investment Advisory LLC raised its holdings in shares of Goosehead Insurance by 20.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after buying an additional 277 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after buying an additional 165 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Goosehead Insurance by 1.6% in the 4th 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Goosehead Insurance by 14.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company’s stock worth $22,359,000 after buying an additional 37,805 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Goosehead Insurance by 8.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,375 shares of the company’s stock worth $408,000 after buying an additional 440 shares in the last quarter.

About Goosehead Insurance

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.