Goosehead Insurance (NASDAQ:GSHD) Receives Average Rating of “Hold” from Analysts

Shares of Goosehead Insurance (NASDAQ:GSHD) have earned an average rating of “Hold” from the fourteen research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $67.7273.

A number of research firms have recently weighed in on GSHD. Cantor Fitzgerald cut their price target on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Wall Street Zen raised Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group boosted their price target on Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, April 27th. JPMorgan Chase & Co. cut their price target on Goosehead Insurance from $68.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a report on Wednesday, February 18th.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $43.52 on Friday. The stock has a fifty day moving average price of $45.57 and a 200 day moving average price of $60.61. The stock has a market cap of $1.55 billion, a PE ratio of 38.18, a P/E/G ratio of 1.60 and a beta of 1.63. Goosehead Insurance has a 1 year low of $39.64 and a 1 year high of $114.76.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm had revenue of $79.48 million during the quarter, compared to analysts’ expectations of $105.16 million. During the same period in the previous year, the firm posted $0.26 earnings per share. Goosehead Insurance’s revenue was up 23.1% on a year-over-year basis. As a group, equities research analysts predict that Goosehead Insurance will post 1.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 5,307 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $48.07, for a total value of $255,107.49. Following the completion of the transaction, the insider directly owned 7,214,193 shares of the company’s stock, valued at $346,786,257.51. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Louis Goldberg purchased 5,575 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was bought at an average cost of $44.85 per share, with a total value of $250,038.75. Following the completion of the acquisition, the director owned 5,575 shares of the company’s stock, valued at approximately $250,038.75. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 38.07% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in GSHD. EverSource Wealth Advisors LLC grew its position in shares of Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Goosehead Insurance in the fourth quarter valued at $41,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the period. Fifth Third Bancorp grew its position in shares of Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after purchasing an additional 284 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Goosehead Insurance by 614.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 860 shares during the period.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.