Goosehead Insurance Inc (NASDAQ:GSHD) – Stock analysts at William Blair decreased their FY2020 earnings per share (EPS) estimates for shares of Goosehead Insurance in a note issued to investors on Friday, December 6th. William Blair analyst A. Klauber now forecasts that the company will post earnings per share of $0.58 for the year, down from their prior forecast of $0.59.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. ValuEngine downgraded shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. set a $60.00 price objective on shares of Goosehead Insurance and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods boosted their target price on Goosehead Insurance from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Goosehead Insurance presently has a consensus rating of “Hold” and a consensus target price of $52.00.
Goosehead Insurance stock opened at $39.80 on Monday. Goosehead Insurance has a 12-month low of $23.18 and a 12-month high of $51.98. The firm has a 50-day moving average price of $44.81 and a 200-day moving average price of $44.48. The firm has a market capitalization of $608.26 million, a PE ratio of 199.00, a price-to-earnings-growth ratio of 2.39 and a beta of 0.11.
Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Goosehead Insurance had a net margin of 5.69% and a negative return on equity of 15.46%. The business had revenue of $21.17 million for the quarter, compared to analysts’ expectations of $21.57 million. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year.
In related news, major shareholder & Robyn Jones Descendants Mark sold 13,606 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $44.71, for a total value of $608,324.26. Also, major shareholder Robyn Mary Elizabeth Jones sold 43,490 shares of Goosehead Insurance stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $40.30, for a total transaction of $1,752,647.00. Following the sale, the insider now owns 747,890 shares of the company’s stock, valued at approximately $30,139,967. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 432,257 shares of company stock valued at $30,589,691. 67.50% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the business. First Mercantile Trust Co. bought a new stake in shares of Goosehead Insurance during the second quarter valued at approximately $33,000. Rehmann Capital Advisory Group purchased a new position in Goosehead Insurance during the 2nd quarter worth $41,000. Bank of Montreal Can purchased a new position in Goosehead Insurance during the 2nd quarter worth $45,000. US Bancorp DE bought a new stake in Goosehead Insurance during the 2nd quarter valued at $46,000. Finally, JPMorgan Chase & Co. raised its position in Goosehead Insurance by 29.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,072 shares of the company’s stock valued at $145,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.
About Goosehead Insurance
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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