Goosehead Insurance (GSHD) Scheduled to Post Quarterly Earnings on Wednesday

Goosehead Insurance (NASDAQ:GSHD) is scheduled to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Goosehead Insurance to post earnings of $0.22 per share for the quarter. Goosehead Insurance has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The firm had revenue of $63.01 million during the quarter, compared to analyst estimates of $68.18 million. On average, analysts expect Goosehead Insurance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $57.81 on Monday. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. The stock’s fifty day moving average price is $71.97 and its two-hundred day moving average price is $72.90. Goosehead Insurance has a one year low of $53.57 and a one year high of $92.76. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 101.42, a P/E/G ratio of 4.15 and a beta of 1.28.

Analysts Set New Price Targets

A number of brokerages have commented on GSHD. Truist Financial decreased their price objective on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. BMO Capital Markets cut their target price on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. TD Cowen initiated coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 target price for the company. JMP Securities reiterated a “market outperform” rating and set a $100.00 target price on shares of Goosehead Insurance in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Moderate Buy” and a consensus price target of $84.88.

Insider Buying and Selling

In other Goosehead Insurance news, General Counsel John Terry O’connor acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of $73.46 per share, for a total transaction of $73,460.00. Following the transaction, the general counsel now directly owns 1,000 shares in the company, valued at $73,460. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Goosehead Insurance news, General Counsel John Terry O’connor acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of $73.46 per share, for a total transaction of $73,460.00. Following the transaction, the general counsel now directly owns 1,000 shares in the company, valued at $73,460. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark E. Jr. Jones acquired 1,332 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of $74.86 per share, with a total value of $99,713.52. Following the completion of the transaction, the chief financial officer now owns 1,332 shares in the company, valued at $99,713.52. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. 48.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several large investors have recently bought and sold shares of GSHD. Group One Trading L.P. bought a new position in Goosehead Insurance in the first quarter valued at about $59,000. HighTower Advisors LLC raised its position in Goosehead Insurance by 16.6% in the first quarter. HighTower Advisors LLC now owns 3,167 shares of the company’s stock valued at $248,000 after purchasing an additional 450 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in Goosehead Insurance in the first quarter valued at about $519,000. Bank of Montreal Can raised its position in Goosehead Insurance by 47.6% in the first quarter. Bank of Montreal Can now owns 13,023 shares of the company’s stock valued at $1,120,000 after purchasing an additional 4,202 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Goosehead Insurance by 53.5% in the first quarter. MetLife Investment Management LLC now owns 9,763 shares of the company’s stock valued at $767,000 after buying an additional 3,404 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.