Goosehead Insurance (NASDAQ:GSHD) Given Consensus Recommendation of “Hold” by Analysts

Shares of Goosehead Insurance (NASDAQ:GSHD) have earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $105.0909.

GSHD has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Goosehead Insurance in a report on Wednesday, October 8th. UBS Group decreased their price target on shares of Goosehead Insurance from $136.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Finally, Zacks Research downgraded shares of Goosehead Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th.

Insider Activity

In related news, major shareholder Adrienne Kebodeaux sold 3,000 shares of Goosehead Insurance stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $87.01, for a total transaction of $52,206.00. Following the completion of the sale, the insider owned 132,349 shares in the company, valued at approximately $11,515,686.49. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 244,770 shares of company stock worth $21,568,721. 37.76% of the stock is currently owned by insiders.

Institutional Trading of Goosehead Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in GSHD. Bessemer Group Inc. raised its position in shares of Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after buying an additional 191 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after buying an additional 269 shares in the last quarter. TCTC Holdings LLC raised its position in shares of Goosehead Insurance by 117.1% during the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock worth $39,000 after buying an additional 178 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after buying an additional 393 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Goosehead Insurance by 1,251.6% during the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock worth $49,000 after buying an additional 388 shares in the last quarter.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $67.02 on Wednesday. Goosehead Insurance has a one year low of $64.89 and a one year high of $130.39. The company has a 50-day simple moving average of $79.00 and a 200-day simple moving average of $94.12. The firm has a market capitalization of $2.52 billion, a PE ratio of 59.31, a price-to-earnings-growth ratio of 13.43 and a beta of 1.27.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The business had revenue of $94.03 million during the quarter, compared to analyst estimates of $94.18 million. During the same period last year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. Equities analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.