Goosehead Insurance (NASDAQ:GSHD) Coverage Initiated by Analysts at Royal Bank Of Canada

Royal Bank Of Canada began coverage on shares of Goosehead Insurance (NASDAQ:GSHD) in a research note issued to investors on Tuesday. The firm issued a sector perform rating and a $49.00 target price on the stock.

Several other equities research analysts also recently weighed in on the company. Citizens Jmp cut their price target on Goosehead Insurance from $140.00 to $125.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 18th. UBS Group decreased their price objective on Goosehead Insurance from $121.00 to $90.00 and set a “buy” rating for the company in a report on Monday, February 23rd. JPMorgan Chase & Co. lowered their target price on Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Wall Street Zen raised Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Goosehead Insurance in a research report on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.60.

Goosehead Insurance Trading Up 0.2%

GSHD opened at $45.03 on Tuesday. Goosehead Insurance has a 12-month low of $42.77 and a 12-month high of $127.99. The firm has a 50 day moving average of $57.81 and a two-hundred day moving average of $67.90. The firm has a market capitalization of $1.65 billion, a PE ratio of 43.30, a P/E/G ratio of 3.18 and a beta of 1.57.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. The business had revenue of $78.20 million for the quarter, compared to the consensus estimate of $99.67 million. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. As a group, analysts predict that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Louis Goldberg purchased 5,575 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $44.85 per share, for a total transaction of $250,038.75. Following the completion of the transaction, the director owned 5,575 shares in the company, valued at $250,038.75. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 37.76% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. raised its holdings in Goosehead Insurance by 38.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after purchasing an additional 556,293 shares during the period. Voloridge Investment Management LLC increased its position in shares of Goosehead Insurance by 21.4% in the fourth quarter. Voloridge Investment Management LLC now owns 40,304 shares of the company’s stock valued at $2,968,000 after buying an additional 7,100 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Goosehead Insurance in the fourth quarter valued at approximately $4,409,000. Odyssean LLC acquired a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $728,000. Finally, Millennium Management LLC raised its stake in shares of Goosehead Insurance by 29.5% during the 4th quarter. Millennium Management LLC now owns 126,485 shares of the company’s stock worth $9,316,000 after buying an additional 28,803 shares during the period.

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.