Goosehead Insurance (NASDAQ:GSHD) Upgraded at Zacks Research

Zacks Research upgraded shares of Goosehead Insurance (NASDAQ:GSHD) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on GSHD. Cantor Fitzgerald raised Goosehead Insurance to a “strong-buy” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods cut their price objective on Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. BMO Capital Markets cut their price objective on Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating on the stock in a research report on Friday, July 25th. Piper Sandler reissued a “neutral” rating and issued a $109.00 price objective (down previously from $122.00) on shares of Goosehead Insurance in a research report on Thursday, July 24th. Finally, 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, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $110.91.

Goosehead Insurance Stock Down 0.2%

GSHD stock opened at $86.47 on Monday. The stock’s fifty day simple moving average is $94.20 and its two-hundred day simple moving average is $104.79. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. Goosehead Insurance has a 1-year low of $79.69 and a 1-year high of $130.39. The stock has a market cap of $3.25 billion, a P/E ratio of 76.52, a P/E/G ratio of 7.41 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The business had revenue of $94.03 million during the quarter, compared to analysts’ expectations of $94.18 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. Analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $87.01, for a total value of $52,206.00. Following the sale, the insider directly owned 132,349 shares in the company, valued at $11,515,686.49. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 244,770 shares of company stock worth $21,568,721. Corporate insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in GSHD. Bessemer Group Inc. raised its stake in shares of Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the period. TCTC Holdings LLC raised its stake in shares of Goosehead Insurance by 117.1% during the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after purchasing an additional 178 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of Goosehead Insurance by 1,251.6% during the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock valued at $49,000 after purchasing an additional 388 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.