Goosehead Insurance (NASDAQ:GSHD) Announces Earnings Results

Goosehead Insurance (NASDAQ:GSHD) announced its quarterly earnings results on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.15), FiscalAI reports. The business had revenue of $79.48 million for the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.

Goosehead Insurance Trading Up 2.2%

Shares of Goosehead Insurance stock traded up $0.98 on Wednesday, hitting $45.65. The stock had a trading volume of 365,454 shares, compared to its average volume of 467,570. Goosehead Insurance has a 52-week low of $39.64 and a 52-week high of $114.76. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 43.90, a P/E/G ratio of 3.26 and a beta of 1.69. The company’s 50 day moving average price is $45.72 and its 200 day moving average price is $61.56.

Insider Buying and Selling at Goosehead Insurance

In other news, Director Louis Goldberg bought 5,575 shares of Goosehead Insurance stock in a transaction dated Friday, February 20th. The stock was acquired at an average cost of $44.85 per share, with a total value of $250,038.75. Following the acquisition, the director owned 5,575 shares of the company’s stock, valued at approximately $250,038.75. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 38.07% of the company’s stock.

Institutional Trading of Goosehead Insurance

Several institutional investors and hedge funds have recently made changes to their positions in GSHD. AQR Capital Management LLC lifted its holdings in shares of Goosehead Insurance by 85.7% in the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after purchasing an additional 1,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Goosehead Insurance by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock valued at $1,578,000 after acquiring an additional 578 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Goosehead Insurance by 86.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock valued at $41,885,000 after acquiring an additional 164,693 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Goosehead Insurance by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock valued at $6,894,000 after acquiring an additional 3,218 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in Goosehead Insurance by 28.2% during the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after acquiring an additional 2,461 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on GSHD shares. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. UBS Group decreased their price target on Goosehead Insurance from $90.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Truist Financial decreased their price target on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. JPMorgan Chase & Co. decreased 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, BMO Capital Markets decreased their price target on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and an average target price of $67.45.

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.