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

Goosehead Insurance (NASDAQ:GSHD) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $92.20.

GSHD has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research note on Tuesday, October 14th. Zacks Research raised Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Jefferies Financial Group initiated coverage on shares of Goosehead Insurance in a report on Monday. They issued a “buy” rating and a $93.00 target price for the company. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd.

Insider Activity

In related news, Director Thomas Mcconnon sold 69,686 shares of Goosehead Insurance stock in a transaction on Monday, December 1st. The shares were sold at an average price of $73.62, for a total transaction of $5,130,283.32. Following the transaction, the director owned 269,322 shares in the company, valued at approximately $19,827,485.64. The trade was a 20.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel John Terry O’connor bought 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of $71.81 per share, with a total value of $150,801.00. Following the acquisition, the general counsel directly owned 3,100 shares in the company, valued at $222,611. This trade represents a 210.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 7,973 shares of company stock valued at $577,487 over the last 90 days. Company insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. Harbor Investment Advisory LLC boosted its stake in Goosehead Insurance by 9.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,083 shares of the company’s stock worth $114,000 after purchasing an additional 98 shares during the period. Bank of Montreal Can grew its stake in Goosehead Insurance by 2.2% during the second quarter. Bank of Montreal Can now owns 5,299 shares of the company’s stock valued at $559,000 after acquiring an additional 116 shares in the last quarter. Bryce Point Capital LLC increased its holdings in Goosehead Insurance by 2.2% in the 2nd quarter. Bryce Point Capital LLC now owns 6,954 shares of the company’s stock valued at $734,000 after acquiring an additional 148 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Goosehead Insurance by 7.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,436 shares of the company’s stock worth $257,000 after purchasing an additional 159 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Goosehead Insurance by 2.5% in the 2nd quarter. Amalgamated Bank now owns 7,051 shares of the company’s stock worth $744,000 after purchasing an additional 170 shares in the last quarter.

Goosehead Insurance Stock Down 0.1%

NASDAQ GSHD opened at $75.91 on Thursday. The company has a 50-day moving average price of $70.19 and a 200-day moving average price of $86.21. Goosehead Insurance has a 52 week low of $64.40 and a 52 week high of $127.99. The firm has a market capitalization of $2.80 billion, a P/E ratio of 67.18, a PEG ratio of 12.40 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Thursday, October 23rd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The business had revenue of $90.44 million for the quarter, compared to analysts’ expectations of $94.25 million. Goosehead Insurance had a net margin of 8.55% and a negative return on equity of 34.60%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. As a group, equities research analysts anticipate 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.