Goosehead Insurance (NASDAQ:GSHD) Receives Average Rating of “Moderate Buy” from Brokerages

Goosehead Insurance (NASDAQ:GSHD) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $76.60.

GSHD has been the topic of several research analyst reports. Piper Sandler raised Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 price objective on the stock in a research report on Wednesday, February 18th. BMO Capital Markets cut their price objective on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods cut their price objective on Goosehead Insurance from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Tuesday.

Insider Buying and Selling

In other Goosehead Insurance news, Director Louis Goldberg acquired 5,575 shares of the business’s stock in a transaction on Friday, February 20th. The shares were bought at an average price of $44.85 per share, with a total value of $250,038.75. Following the transaction, the director directly owned 5,575 shares of the company’s stock, valued at $250,038.75. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 48.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds have recently bought and sold shares of GSHD. AQR Capital Management LLC grew its position in Goosehead Insurance by 85.7% in the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after acquiring an additional 1,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Goosehead Insurance by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after buying an additional 578 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after buying an additional 164,693 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Goosehead Insurance by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after buying an additional 3,218 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in shares of Goosehead Insurance by 28.2% in the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after buying an additional 2,461 shares during the period.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $44.66 on Wednesday. The company has a market cap of $1.63 billion, a P/E ratio of 42.94, a P/E/G ratio of 3.03 and a beta of 1.69. The business’s 50 day moving average price is $49.35 and its 200-day moving average price is $63.80. Goosehead Insurance has a fifty-two week low of $40.00 and a fifty-two week high of $114.76.

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

Goosehead Insurance Company Profile

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.