Goosehead Insurance, Inc (NASDAQ:GSHD) Given Average Rating of “Hold” by Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been given an average rating of “Hold” by the ten analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $115.40.

GSHD has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Bank of America increased their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. Piper Sandler lowered their target price on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. BMO Capital Markets reduced their price target on Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Finally, Truist Financial reissued a “hold” rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th.

Goosehead Insurance Stock Down 2.7%

Shares of NASDAQ:GSHD opened at $101.42 on Thursday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance has a 52-week low of $54.80 and a 52-week high of $130.39. The company has a market capitalization of $3.81 billion, a PE ratio of 140.86, a price-to-earnings-growth ratio of 5.17 and a beta of 1.46. The company has a fifty day moving average of $106.24 and a 200-day moving average of $110.20.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. During the same period last year, the company earned $0.28 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities analysts predict that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, major shareholder Lindy Langston sold 1,105 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $110.05, for a total value of $121,605.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $101.95, for a total value of $3,066,757.95. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $13,492,980.55. This represents a 18.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,678 shares of company stock valued at $17,689,105. Corporate insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares during the period. TCTC Holdings LLC grew its position in Goosehead Insurance by 117.1% in the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after purchasing an additional 178 shares during the period. Larson Financial Group LLC grew its position in Goosehead Insurance by 1,251.6% in the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock valued at $49,000 after purchasing an additional 388 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Goosehead Insurance in the 1st quarter valued at $53,000. Finally, SVB Wealth LLC acquired a new stake in Goosehead Insurance in the 1st quarter valued at $62,000.

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.