Goosehead Insurance, Inc (NASDAQ:GSHD) Given Consensus Recommendation of “Hold” by Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $115.40.

GSHD has been the subject of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. Keefe, Bruyette & Woods upped their price objective on Goosehead Insurance from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Bank of America upped their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Truist Financial reissued a “hold” rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, Piper Sandler dropped their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th.

Goosehead Insurance Stock Up 0.7%

Shares of Goosehead Insurance stock opened at $107.55 on Thursday. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 149.38, a PEG ratio of 5.17 and a beta of 1.46. The stock’s 50-day moving average is $106.22 and its 200 day moving average is $110.89. Goosehead Insurance has a one year low of $54.80 and a one year high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. During the same period in the previous year, the business earned $0.28 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Buying and Selling

In other Goosehead Insurance news, General Counsel John Terry O’connor sold 2,500 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total transaction of $261,050.00. Following the completion of the transaction, the general counsel now owns 1,000 shares of the company’s stock, valued at $104,420. This trade represents a 71.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Lindy Langston sold 2,853 shares of Goosehead Insurance stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $110.16, for a total value of $314,286.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,678 shares of company stock worth $17,689,105. Corporate insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in Goosehead Insurance during the first quarter worth approximately $956,000. Intech Investment Management LLC boosted its position in shares of Goosehead Insurance by 28.2% during the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 valued at $6,894,000 after buying an additional 3,218 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Goosehead Insurance by 86.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock valued at $41,885,000 after purchasing an additional 164,693 shares in the last quarter. Finally, Select Equity Group L.P. acquired a new stake in Goosehead Insurance in the 1st quarter valued at about $1,157,000.

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.