Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. One 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. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $81.90.

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a report on Thursday, August 22nd. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and lowered their target price for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. Truist Financial lifted their price target on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday. Finally, Bank of America boosted their price target on Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 11th.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD opened at $90.35 on Friday. The firm’s 50 day simple moving average is $86.04 and its 200-day simple moving average is $69.99. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13. Goosehead Insurance has a one year low of $50.47 and a one year high of $94.60. The firm has a market cap of $3.43 billion, a PE ratio of 145.73, a price-to-earnings-growth ratio of 4.60 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business had revenue of $78.10 million during the quarter, compared to analyst estimates of $74.31 million. During the same period in the previous year, the company posted $0.25 EPS. Goosehead Insurance’s revenue was up 12.7% on a year-over-year basis. As a group, equities analysts predict that Goosehead Insurance will post 0.76 EPS for the current year.

Insider Transactions at Goosehead Insurance

In related news, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the completion of the sale, the chairman now directly owns 39,451 shares in the company, valued at $3,388,051.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Mark Evan Jones sold 10,418 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.88, for a total value of $894,697.84. Following the completion of the transaction, the chairman now owns 39,451 shares in the company, valued at $3,388,051.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $425,950. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,798 shares of company stock worth $5,357,113. Insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds and other institutional investors have recently bought and sold shares of GSHD. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Goosehead Insurance by 34.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock valued at $196,956,000 after acquiring an additional 879,959 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Goosehead Insurance by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after purchasing an additional 46,861 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Goosehead Insurance by 17.2% in the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after purchasing an additional 308,312 shares during the last quarter. Motley Fool Asset Management LLC grew its position in Goosehead Insurance by 407.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after purchasing an additional 428,355 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Goosehead Insurance by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after buying an additional 110,832 shares during 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.