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

Goosehead Insurance (NASDAQ:GSHD) has earned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $68.7273.

A number of research analysts recently weighed in on GSHD shares. Piper Sandler boosted their price target on Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods boosted their target price on Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Cantor Fitzgerald raised their price target on shares of Goosehead Insurance from $67.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Finally, UBS Group lifted their target price on shares of Goosehead Insurance from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 8th.

Goosehead Insurance Trading Down 6.1%

NASDAQ:GSHD opened at $53.75 on Friday. The company’s 50-day moving average is $43.45 and its two-hundred day moving average is $49.31. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 47.15, a price-to-earnings-growth ratio of 2.02 and a beta of 1.41. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $104.00.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, equities research analysts forecast that Goosehead Insurance will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Martin Ellis Thornthwaite acquired 5,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $41.50 per share, with a total value of $207,500.00. Following the transaction, the general counsel directly owned 5,000 shares in the company, valued at approximately $207,500. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston bought 2,800 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $35.56 per share, for a total transaction of $99,568.00. Following the completion of the transaction, the insider owned 7,800 shares of the company’s stock, valued at approximately $277,368. The trade was a 56.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. Company insiders own 38.07% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GSHD. Meixler Investment Management Ltd. raised its stake in shares of Goosehead Insurance by 5.3% during the fourth quarter. Meixler Investment Management Ltd. now owns 4,355 shares of the company’s stock valued at $321,000 after purchasing an additional 220 shares in the last quarter. Gibbs Wealth Management grew its position in Goosehead Insurance by 3.8% in the 4th quarter. Gibbs Wealth Management now owns 6,133 shares of the company’s stock valued at $459,000 after buying an additional 227 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Goosehead Insurance by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company’s stock valued at $1,268,000 after buying an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after buying an additional 269 shares during the period. Finally, Blair William & Co. IL increased its stake in Goosehead Insurance by 5.0% during the 4th quarter. Blair William & Co. IL now owns 6,831 shares of the company’s stock valued at $503,000 after buying an additional 323 shares during the period.

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.