Goosehead Insurance, Inc (NASDAQ:GSHD) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $99.20.

A number of equities analysts have recently weighed in on GSHD shares. JMP Securities increased their price target on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. TD Cowen upped their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Truist Financial lifted their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada lifted their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th.

Insiders Place Their Bets

In related news, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the transaction, the chief executive officer now owns 30,000 shares in the company, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total value of $953,500.00. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at approximately $476,750. This represents a 66.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,255 shares of company stock worth $11,784,327 in the last 90 days. Corporate insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds have recently added to or reduced their stakes in GSHD. Rhumbline Advisers boosted its position in shares of Goosehead Insurance by 4.6% in the 2nd quarter. Rhumbline Advisers now owns 68,064 shares of the company’s stock valued at $3,910,000 after purchasing an additional 2,965 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Goosehead Insurance by 10.7% in the 2nd quarter. Victory Capital Management Inc. now owns 9,184 shares of the company’s stock valued at $528,000 after acquiring an additional 890 shares during the period. Arizona State Retirement System boosted its stake in Goosehead Insurance by 10.9% during the 2nd quarter. Arizona State Retirement System now owns 6,709 shares of the company’s stock worth $385,000 after purchasing an additional 662 shares during the period. Daiwa Securities Group Inc. grew its position in Goosehead Insurance by 30.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock worth $2,017,000 after purchasing an additional 8,193 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after purchasing an additional 110,832 shares during the period.

Goosehead Insurance Price Performance

NASDAQ:GSHD opened at $98.59 on Monday. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39. The stock has a market cap of $3.66 billion, a PE ratio of 136.93, a P/E/G ratio of 4.44 and a beta of 1.41. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a 50 day moving average price of $114.26 and a 200 day moving average price of $94.18.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. During the same quarter in the previous year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts expect that Goosehead Insurance will post 0.84 EPS 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.