Goosehead Insurance (NASDAQ:GSHD) Shares Down 6.4%

Goosehead Insurance, Inc (NASDAQ:GSHDGet Free Report) shares fell 6.4% during trading on Tuesday . The company traded as low as $56.43 and last traded at $56.43. 50,909 shares traded hands during trading, a decline of 83% from the average session volume of 298,497 shares. The stock had previously closed at $60.27.

Analyst Ratings Changes

A number of brokerages recently commented on GSHD. JMP Securities reaffirmed a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a research report on Monday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. TD Cowen lowered their price objective on shares of Goosehead Insurance from $105.00 to $98.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Bank of America boosted their target price on shares of Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday. Finally, BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating for the company in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Read Our Latest Stock Analysis on GSHD

Goosehead Insurance Stock Down 5.6 %

The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 91.02, a P/E/G ratio of 3.38 and a beta of 1.45. The business’s 50-day moving average is $60.63 and its two-hundred day moving average is $70.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $64.46 million during the quarter, compared to analysts’ expectations of $66.24 million. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. On average, equities analysts anticipate that Goosehead Insurance, Inc will post 0.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Mark Miller bought 10,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $58.06 per share, with a total value of $580,600.00. Following the completion of the acquisition, the chief operating officer now owns 30,000 shares of the company’s stock, valued at $1,741,800. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 38.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GSHD. Motley Fool Asset Management LLC grew its holdings in shares of Goosehead Insurance by 28.0% during the first quarter. Motley Fool Asset Management LLC now owns 134,537 shares of the company’s stock worth $8,963,000 after purchasing an additional 29,392 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its holdings in shares of Goosehead Insurance by 159.8% during the first quarter. Grandeur Peak Global Advisors LLC now owns 82,564 shares of the company’s stock worth $5,500,000 after purchasing an additional 50,784 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Goosehead Insurance by 55.6% during the first quarter. Janus Henderson Group PLC now owns 15,972 shares of the company’s stock worth $1,064,000 after purchasing an additional 5,705 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Goosehead Insurance by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,152 shares of the company’s stock worth $410,000 after purchasing an additional 777 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Goosehead Insurance by 1.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 27,315 shares of the company’s stock worth $1,818,000 after purchasing an additional 439 shares during the last quarter.

Goosehead Insurance Company Profile

(Get Free Report)

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.

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