Goosehead Insurance (NASDAQ:GSHD – Get Free Report) has been assigned an average rating of “Hold” from the fourteen analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $66.7273.
GSHD has been the topic of several recent research reports. Weiss Ratings downgraded Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Cantor Fitzgerald dropped their target price on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. Finally, Truist Financial decreased their price target on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th.
Get Our Latest Stock Report on GSHD
Goosehead Insurance Price Performance
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its earnings results 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. The firm had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. On average, analysts expect that Goosehead Insurance will post 1.49 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO John Arthur Martin purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of $34.73 per share, with a total value of $173,650.00. Following the completion of the acquisition, the chief financial officer owned 5,000 shares in the company, valued at $173,650. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the completion of the transaction, the insider directly owned 7,050,356 shares in the company, valued at approximately $294,493,370.12. The trade was a 1.16% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders bought 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. 38.07% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Goosehead Insurance by 28.2% in the first quarter. Bank of America Corp DE now owns 329,333 shares of the company’s stock worth $14,049,000 after purchasing an additional 72,527 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Goosehead Insurance by 3,485.1% in the first quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock worth $16,506,000 after purchasing an additional 376,114 shares during the period. California State Teachers Retirement System increased its holdings in shares of Goosehead Insurance by 45.6% in the first quarter. California State Teachers Retirement System now owns 35,351 shares of the company’s stock worth $1,508,000 after purchasing an additional 11,072 shares during the period. Royal Bank of Canada increased its holdings in shares of Goosehead Insurance by 8.9% in the first quarter. Royal Bank of Canada now owns 73,306 shares of the company’s stock worth $3,127,000 after purchasing an additional 5,965 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Goosehead Insurance by 52.7% in the first quarter. Quantinno Capital Management LP now owns 31,878 shares of the company’s stock valued at $1,360,000 after acquiring an additional 11,003 shares during the last quarter.
About Goosehead Insurance
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.
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