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

Goosehead Insurance (NASDAQ:GSHD) has received a consensus rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $90.30.

Several brokerages recently issued reports on GSHD. Jefferies Financial Group initiated coverage on shares of Goosehead Insurance in a research report on Monday, December 1st. They issued a “buy” rating and a $93.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Goosehead Insurance in a research note on Friday, October 31st. JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, January 7th. Keefe, Bruyette & Woods decreased their price objective on Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Finally, Zacks Research upgraded Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, CEO Mark Miller bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were bought at an average price of $72.34 per share, for a total transaction of $361,700.00. Following the transaction, the chief executive officer directly owned 35,000 shares in the company, valued at $2,531,900. This trade represents a 16.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark E. Jr. Jones purchased 873 shares of the stock in a transaction on Monday, October 27th. The stock was acquired at an average cost of $74.44 per share, with a total value of $64,986.12. Following the completion of the purchase, the chief financial officer directly owned 4,364 shares of the company’s stock, valued at $324,856.16. The trade was a 25.01% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 7,973 shares of company stock valued at $577,487. Insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GSHD. Durable Capital Partners LP boosted its holdings in Goosehead Insurance by 126.5% during the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after acquiring an additional 861,374 shares during the period. Whitebark Investors LP bought a new stake in Goosehead Insurance in the third quarter valued at approximately $25,229,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Goosehead Insurance during the third quarter valued at approximately $25,222,000. Balyasny Asset Management L.P. boosted its stake in shares of Goosehead Insurance by 118.7% during the second quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock valued at $58,744,000 after purchasing an additional 302,130 shares during the period. Finally, Wasatch Advisors LP grew its holdings in shares of Goosehead Insurance by 12.6% in the second quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock worth $240,074,000 after purchasing an additional 253,777 shares during the last quarter.

Goosehead Insurance Price Performance

Shares of GSHD opened at $69.13 on Friday. The firm’s 50 day simple moving average is $72.95 and its 200 day simple moving average is $78.28. The company has a market capitalization of $2.55 billion, a P/E ratio of 61.18, a P/E/G ratio of 8.72 and a beta of 1.53. Goosehead Insurance has a 1-year low of $64.40 and a 1-year high of $127.99.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly 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 company had revenue of $90.44 million during the quarter, compared to analysts’ expectations of $94.25 million. Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.Goosehead Insurance’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. On average, equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

About Goosehead Insurance

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.