Goosehead Insurance (NASDAQ:GSHD – Get Free Report) shares dropped 4.6% during trading on Thursday . The stock traded as low as $55.62 and last traded at $54.2830. Approximately 70,229 shares were traded during trading, a decline of 86% from the average session volume of 491,350 shares. The stock had previously closed at $56.90.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Citizens Jmp lowered their target price on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. Weiss Ratings upgraded Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Cantor Fitzgerald increased their price target on Goosehead Insurance from $67.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America lowered their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Finally, Piper Sandler dropped their price objective on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $66.18.
View Our Latest Stock Analysis on Goosehead Insurance
Goosehead Insurance Price Performance
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last released 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 company 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 20.96% and a net margin of 7.94%.The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. Analysts anticipate that Goosehead Insurance will post 1.48 EPS for the current year.
Insiders Place Their Bets
In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Arthur Martin bought 5,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were bought at an average price of $34.73 per share, for a total transaction of $173,650.00. Following the completion of the transaction, the chief financial officer directly owned 5,000 shares in the company, valued at approximately $173,650. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. Company insiders own 38.07% of the company’s stock.
Institutional Trading of Goosehead Insurance
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Phocas Financial Corp. purchased a new stake in shares of Goosehead Insurance in the fourth quarter valued at about $3,669,000. Langdon Equity Partners purchased a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $41,892,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Goosehead Insurance by 43,893.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock worth $4,795,000 after purchasing an additional 64,963 shares in the last quarter. UBS Group AG increased its stake in shares of Goosehead Insurance by 26.7% during the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock worth $11,491,000 after purchasing an additional 32,920 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Goosehead Insurance by 1,075.4% during the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock worth $8,531,000 after purchasing an additional 105,979 shares during the last quarter.
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.
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