William Blair Analysts Reduce Earnings Estimates for Goosehead Insurance, Inc (NASDAQ:GSHD)

Goosehead Insurance, Inc (NASDAQ:GSHD) – William Blair dropped their Q1 2024 earnings estimates for Goosehead Insurance in a research report issued to clients and investors on Monday, April 15th. William Blair analyst A. Klauber now expects that the company will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.06. The consensus estimate for Goosehead Insurance’s current full-year earnings is $0.83 per share. William Blair also issued estimates for Goosehead Insurance’s Q4 2024 earnings at $0.21 EPS.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Piper Sandler lifted their price objective on shares of Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Truist Financial decreased their price objective on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. BMO Capital Markets decreased their price objective on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. Finally, TD Cowen began coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

Goosehead Insurance Stock Up 0.1 %

NASDAQ GSHD opened at $56.50 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. Goosehead Insurance has a 1-year low of $51.06 and a 1-year high of $92.76. The company has a 50 day moving average of $72.94 and a 200-day moving average of $73.11. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 99.12, a PEG ratio of 3.98 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share 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 business had revenue of $63.01 million during the quarter, compared to analyst estimates of $68.18 million.

Institutional Trading of Goosehead Insurance

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its holdings in Goosehead Insurance by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock valued at $1,140,000 after buying an additional 161 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after buying an additional 165 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Goosehead Insurance by 21.8% in the second quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock valued at $58,000 after buying an additional 166 shares during the period. Janney Capital Management LLC lifted its holdings in Goosehead Insurance by 3.2% in the fourth quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock valued at $440,000 after buying an additional 181 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Goosehead Insurance by 3.6% in the third quarter. Arizona State Retirement System now owns 6,122 shares of the company’s stock valued at $456,000 after buying an additional 214 shares during the period.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total value of $2,722,368.04. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Desiree Coleman sold 17,070 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $80.15, for a total transaction of $1,368,160.50. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Insiders own 38.03% of the company’s stock.

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.