Goosehead Insurance (NASDAQ:GSHD) Sets New 1-Year High at $94.34

Goosehead Insurance, Inc (NASDAQ:GSHD) reached a new 52-week high on Monday . The stock traded as high as $94.34 and last traded at $93.78, with a volume of 209000 shares changing hands. The stock had previously closed at $88.95.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $84.00 price target (down previously from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. TD Cowen lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their target price for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. Bank of America lifted their price target on shares of Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, June 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Goosehead Insurance in a research note on Thursday, July 25th. Finally, Truist Financial lifted their target price on shares of Goosehead Insurance from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $80.40.

Goosehead Insurance Stock Performance

The firm’s 50 day simple moving average is $84.58 and its 200 day simple moving average is $69.51. The firm has a market cap of $3.55 billion, a PE ratio of 151.61, a PEG ratio of 4.60 and a beta of 1.35. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $78.10 million during the quarter, compared to analyst estimates of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. On average, research analysts forecast that Goosehead Insurance, Inc will post 0.76 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Patrick Ryan Langston sold 4,814 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total transaction of $434,511.64. Following the sale, the insider now owns 5,000 shares of the company’s stock, valued at $451,300. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Patrick Ryan Langston sold 4,814 shares of Goosehead Insurance stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total transaction of $434,511.64. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $451,300. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mark Evan Jones sold 8,977 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $82.33, for a total value of $739,076.41. Following the transaction, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,248,000.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,612 shares of company stock worth $4,889,152. 48.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. purchased a new stake in Goosehead Insurance during the first quarter valued at approximately $35,000. Cullen Frost Bankers Inc. increased its holdings in shares of Goosehead Insurance by 49.4% during the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. Quarry LP raised its position in shares of Goosehead Insurance by 2,810.7% in the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after purchasing an additional 787 shares during the last quarter. RiverPark Advisors LLC purchased a new position in shares of Goosehead Insurance in the 1st quarter valued at approximately $104,000. Finally, PNC Financial Services Group Inc. boosted its stake in Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after purchasing an additional 165 shares in the last quarter.

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.