Goosehead Insurance (NASDAQ:GSHD) Given Consensus Rating of “Hold” by Analysts

Goosehead Insurance (NASDAQ:GSHD) has been given an average rating of “Hold” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $109.50.

A number of brokerages have recently weighed in on GSHD. UBS Group cut their price objective on Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. JMP Securities reiterated a “market outperform” rating and issued a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday, April 24th. Piper Sandler reiterated a “neutral” rating and issued a $109.00 price objective (down from $122.00) on shares of Goosehead Insurance in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods lowered their target price on Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th.

Insider Transactions at Goosehead Insurance

In other news, major shareholder Lindy Langston sold 11,042 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $110.20, for a total value of $1,216,828.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John Terry O’connor sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total value of $261,050.00. Following the transaction, the general counsel directly owned 1,000 shares of the company’s stock, valued at approximately $104,420. This trade represents a 71.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,966 shares of company stock worth $12,407,821. 48.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. Raymond James Financial Inc. bought a new position in Goosehead Insurance during the 4th quarter valued at approximately $491,000. KLP Kapitalforvaltning AS purchased a new position in Goosehead Insurance in the 4th quarter worth approximately $536,000. LPL Financial LLC purchased a new position in Goosehead Insurance in the 4th quarter worth approximately $251,000. Vanguard Group Inc. raised its holdings in Goosehead Insurance by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock worth $267,994,000 after acquiring an additional 19,980 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Goosehead Insurance during the 4th quarter valued at $148,000.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $90.91 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. The business’s 50 day simple moving average is $101.99 and its two-hundred day simple moving average is $107.43. The stock has a market capitalization of $3.41 billion, a P/E ratio of 80.45, a price-to-earnings-growth ratio of 8.02 and a beta of 1.42. Goosehead Insurance has a one year low of $79.33 and a one year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%. Goosehead Insurance’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

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.