Goosehead Insurance, Inc (NASDAQ:GSHD) Short Interest Update

Goosehead Insurance, Inc (NASDAQ:GSHD) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,610,000 shares, a growth of 26.1% from the March 31st total of 2,070,000 shares. Currently, 11.5% of the company’s stock are sold short. Based on an average trading volume of 301,800 shares, the days-to-cover ratio is presently 8.6 days.

Wall Street Analyst Weigh In

GSHD has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Truist Financial dropped their target price on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Piper Sandler decreased their price target on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 price target on shares of Goosehead Insurance in a research report on Monday, April 15th. Finally, Royal Bank of Canada decreased their target price on Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.89.

Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Desiree Coleman sold 17,070 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $80.15, for a total transaction of $1,368,160.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the transaction, the insider now directly owns 132,349 shares in the company, valued at $9,915,587.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. 38.03% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

Several institutional investors have recently made changes to their positions in GSHD. State of Alaska Department of Revenue boosted its stake in Goosehead Insurance by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock valued at $1,140,000 after buying an additional 161 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Goosehead Insurance by 13.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after acquiring an additional 165 shares during the period. Janney Capital Management LLC lifted its holdings in shares of Goosehead Insurance by 3.2% during the fourth quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock valued at $440,000 after acquiring an additional 181 shares during the period. Arizona State Retirement System boosted its stake in shares of Goosehead Insurance by 3.6% in the 3rd quarter. Arizona State Retirement System now owns 6,122 shares of the company’s stock valued at $456,000 after purchasing an additional 214 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of Goosehead Insurance by 4.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock worth $419,000 after purchasing an additional 242 shares in the last quarter.

Goosehead Insurance Stock Performance

Shares of GSHD traded up $0.06 during trading hours on Tuesday, reaching $56.91. 446,930 shares of the company traded hands, compared to its average volume of 305,985. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73. The stock’s fifty day moving average is $68.19 and its 200 day moving average is $72.33. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $92.76. The stock has a market cap of $2.16 billion, a P/E ratio of 91.19, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The firm had revenue of $64.46 million during the quarter, compared to analysts’ expectations of $66.24 million. Equities research analysts anticipate that Goosehead Insurance will post 0.9 earnings per share for the current fiscal 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.