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

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $91.30.

A number of research analysts have recently weighed in on GSHD shares. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $98.00 to $94.00 in a research note on Thursday, August 15th. JMP Securities raised their price target on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a research report on Thursday, August 22nd. Piper Sandler increased their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Truist Financial boosted their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 4th.

Insider Buying and Selling

In related news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark Evan Jones sold 10,418 shares of the company’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 sale, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,388,051.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,726 shares of company stock valued at $10,712,638. Insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently modified their holdings of GSHD. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance during the 3rd quarter worth approximately $29,000. GAMMA Investing LLC increased its position in shares of Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after acquiring an additional 231 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares during the period. Blue Trust Inc. lifted its holdings in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 shares in the last quarter.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $109.71 on Wednesday. The stock has a fifty day moving average price of $90.07 and a 200 day moving average price of $74.01. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13. The stock has a market cap of $4.17 billion, a PE ratio of 176.95, a P/E/G ratio of 5.00 and a beta of 1.35. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $110.88.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. Sell-side analysts forecast that Goosehead Insurance will post 0.76 earnings per share for the current fiscal year.

Goosehead Insurance Company Profile

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.