Goosehead Insurance (GSHD) to Release Quarterly Earnings on Wednesday

Goosehead Insurance (NASDAQ:GSHD) is projected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.24 per share and revenue of $78.59 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Goosehead Insurance Stock Performance

Goosehead Insurance stock opened at $107.05 on Monday. The stock has a fifty day moving average price of $114.89 and a 200 day moving average price of $111.13. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $130.39. The firm has a market capitalization of $3.99 billion, a P/E ratio of 148.68, a PEG ratio of 5.17 and a beta of 1.48. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $16,290,838.41. The trade was a 12.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark E. Jr. Jones bought 1,010 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the acquisition, the chief financial officer now directly owns 2,342 shares in the company, valued at approximately $276,402.84. This represents a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 308,812 shares of company stock worth $37,392,258. Insiders own 48.35% of the company’s stock.

Analysts Set New Price Targets

GSHD has been the topic of a number of research reports. Truist Financial reissued a “hold” rating and issued a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JPMorgan Chase & Co. raised their price objective on Goosehead Insurance from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Bank of America upped their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. UBS Group raised their target price on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Keefe, Bruyette & Woods upped their price target on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $110.10.

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.