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

Goosehead Insurance, Inc (NASDAQ:GSHD) – William Blair boosted their Q2 2024 earnings per share (EPS) estimates for Goosehead Insurance in a research note issued on Monday, April 15th. William Blair analyst A. Klauber now forecasts that the company will post earnings of $0.26 per share for the quarter, up from their prior estimate of $0.25. 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 Q3 2024 earnings at $0.30 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.35 EPS.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The company had revenue of $63.01 million for the quarter, compared to analyst estimates of $68.18 million.

A number of other equities analysts also recently commented on the company. JMP Securities reissued a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a research report on Monday. Piper Sandler upped their price target on Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. BMO Capital Markets lowered their price target on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Truist Financial lowered their price target on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.88.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $56.50 on Wednesday. Goosehead Insurance has a one year low of $51.06 and a one year high of $92.76. The company has a market cap of $2.14 billion, a PE ratio of 99.12, a P/E/G ratio of 3.98 and a beta of 1.28. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The business has a 50-day simple moving average of $72.94 and a 200-day simple moving average of $73.11.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, General Counsel John Terry O’connor bought 1,000 shares of the stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $73.46 per share, for a total transaction of $73,460.00. Following the completion of the transaction, the general counsel now owns 1,000 shares in the company, valued at approximately $73,460. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, COO Mark Miller purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $73.86 per share, with a total value of $369,300.00. Following the completion of the acquisition, the chief operating officer now directly owns 20,000 shares in the company, valued at $1,477,200. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel John Terry O’connor purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $73.46 per share, with a total value of $73,460.00. Following the completion of the acquisition, the general counsel now owns 1,000 shares of the company’s stock, valued at $73,460. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. Insiders own 38.03% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently modified their holdings of the stock. USA Financial Formulas lifted its holdings in Goosehead Insurance by 5,350.0% in the fourth quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after acquiring an additional 321 shares during the period. Meeder Asset Management Inc. acquired a new stake in Goosehead Insurance in the fourth quarter valued at $33,000. DekaBank Deutsche Girozentrale acquired a new stake in Goosehead Insurance in the fourth quarter valued at $35,000. Harvest Fund Management Co. Ltd acquired a new stake in Goosehead Insurance in the third quarter valued at $37,000. Finally, 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 acquiring an additional 166 shares during the period.

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.