Goosehead Insurance (NASDAQ:GSHD) Receives Consensus Rating of “Hold” from Analysts

Shares of Goosehead Insurance (NASDAQ:GSHD) have earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $92.20.

A number of analysts recently commented on GSHD shares. Jefferies Financial Group assumed coverage on shares of Goosehead Insurance in a research report on Monday, December 1st. They issued a “buy” rating and a $93.00 price objective for the company. Piper Sandler reduced their price target on Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Zacks Research raised shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Finally, JMP Securities decreased their price target on shares of Goosehead Insurance from $150.00 to $140.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 14th.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $75.31 on Monday. Goosehead Insurance has a twelve month low of $64.40 and a twelve month high of $127.99. The stock has a market cap of $2.77 billion, a PE ratio of 66.65, a PEG ratio of 12.54 and a beta of 1.52. The firm has a 50-day simple moving average of $71.83 and a 200 day simple moving average of $81.91.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.08). Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.The company had revenue of $90.44 million for the quarter, compared to analyst estimates of $94.25 million. During the same quarter in the prior year, the company earned $0.50 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Research analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 69,686 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $73.62, for a total transaction of $5,130,283.32. Following the completion of the sale, the director directly owned 269,322 shares in the company, valued at $19,827,485.64. This represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Miller bought 5,000 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was acquired at an average price of $72.34 per share, for a total transaction of $361,700.00. Following the transaction, the chief executive officer owned 35,000 shares of the company’s stock, valued at approximately $2,531,900. The trade was a 16.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 7,973 shares of company stock valued at $577,487 in the last three months. Corporate insiders own 37.76% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. Durable Capital Partners LP increased its holdings in shares of Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after buying an additional 861,374 shares in the last quarter. Whitebark Investors LP bought a new stake in Goosehead Insurance during the 3rd quarter worth $25,229,000. Jacobs Levy Equity Management Inc. acquired a new position in Goosehead Insurance in the 3rd quarter worth about $25,222,000. Balyasny Asset Management L.P. raised its position in Goosehead Insurance by 118.7% in the second quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock valued at $58,744,000 after purchasing an additional 302,130 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in Goosehead Insurance by 12.6% in the second quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after purchasing an additional 253,777 shares during the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.