Goosehead Insurance, Inc (NASDAQ:GSHD) Short Interest Down 7.3% in November

Goosehead Insurance, Inc (NASDAQ:GSHD) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 3,430,000 shares, a decrease of 7.3% from the October 31st total of 3,700,000 shares. Currently, 14.6% of the shares of the company are sold short. Based on an average trading volume of 255,400 shares, the days-to-cover ratio is presently 13.4 days.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares in the company, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the transaction, the insider now directly owns 5,000 shares in the company, valued at $450,450. This trade represents a 30.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,255 shares of company stock worth $12,686,800. 38.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds have recently bought and sold shares of GSHD. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Goosehead Insurance in the third quarter worth approximately $29,000. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 231 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after purchasing an additional 210 shares during the period. Blue Trust Inc. raised its stake in 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 buying an additional 403 shares during the last quarter. Finally, Quarry LP raised its stake in 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 buying an additional 787 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Truist Financial increased their target price on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. BMO Capital Markets lifted their price target on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Royal Bank of Canada increased their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $97.90.

Goosehead Insurance Price Performance

GSHD opened at $125.64 on Wednesday. The firm has a market cap of $4.66 billion, a PE ratio of 174.50, a P/E/G ratio of 4.76 and a beta of 1.38. The stock has a 50-day moving average price of $105.82 and a 200-day moving average price of $84.02. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last issued its 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. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same period in the previous year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts predict that Goosehead Insurance will post 0.84 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.