Goosehead Insurance, Inc (NASDAQ:GSHD) Given Average Rating of “Moderate Buy” by Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $78.89.

Several analysts recently commented on GSHD shares. TD Cowen began coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They set an “outperform” rating and a $105.00 target price for the company. Royal Bank of Canada decreased their target price on Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Truist Financial reduced their target price on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Piper Sandler decreased their target price on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Finally, BMO Capital Markets lowered their price objective on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $61.01 on Wednesday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 98.40, a PEG ratio of 3.13 and a beta of 1.31. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.73 and a quick ratio of 1.73. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $92.76. The stock’s 50 day moving average price is $65.87 and its 200 day moving average price is $71.80.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $64.46 million for the quarter, compared to the consensus estimate of $66.24 million. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. Equities research analysts anticipate that Goosehead Insurance will post 0.7 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mark E. Jr. Jones acquired 1,332 shares of the company’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $74.86 per share, for a total transaction of $99,713.52. Following the completion of the purchase, the chief financial officer now directly owns 1,332 shares of the company’s stock, valued at approximately $99,713.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Goosehead Insurance news, CFO Mark E. Jr. Jones acquired 1,332 shares of the business’s stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $74.86 per share, for a total transaction of $99,713.52. Following the transaction, the chief financial officer now owns 1,332 shares in the company, valued at approximately $99,713.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mark Miller acquired 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $73.86 per share, for a total transaction of $369,300.00. Following the acquisition, the chief operating officer now owns 20,000 shares in the company, valued at $1,477,200. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,582 shares of company stock worth $1,141,849 and sold 57,341 shares worth $4,388,214. Corporate insiders own 38.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sei Investments Co. raised its position in shares of Goosehead Insurance by 16.4% during the first quarter. Sei Investments Co. now owns 123,967 shares of the company’s stock worth $8,259,000 after acquiring an additional 17,443 shares during the last quarter. Swiss National Bank increased its position in Goosehead Insurance by 2.4% in the first quarter. Swiss National Bank now owns 43,400 shares of the company’s stock worth $2,891,000 after purchasing an additional 1,000 shares during the period. Texas Permanent School Fund Corp raised its holdings in Goosehead Insurance by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 21,398 shares of the company’s stock worth $1,426,000 after purchasing an additional 279 shares during the last quarter. RiverPark Advisors LLC acquired a new position in Goosehead Insurance during the 1st quarter valued at about $104,000. Finally, Janney Montgomery Scott LLC lifted its position in Goosehead Insurance by 31.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,428 shares of the company’s stock valued at $295,000 after purchasing an additional 1,058 shares during the period.

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.