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

Shares of Goosehead Insurance, Inc (NASDAQ:GSHDGet Rating) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $115.33.

Several equities analysts have issued reports on GSHD shares. Royal Bank of Canada lowered their target price on shares of Goosehead Insurance from $140.00 to $120.00 in a research note on Wednesday, April 27th. Piper Sandler reduced their price target on shares of Goosehead Insurance from $75.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Truist Financial reduced their price target on shares of Goosehead Insurance from $75.00 to $60.00 in a research report on Wednesday, April 27th. William Blair lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Finally, JMP Securities reduced their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, June 24th.

Goosehead Insurance Stock Performance

GSHD opened at $57.22 on Friday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 520.23, a P/E/G ratio of 604.09 and a beta of 1.00. The company’s 50-day simple moving average is $50.63 and its two-hundred day simple moving average is $65.20. Goosehead Insurance has a 52-week low of $39.00 and a 52-week high of $181.30.

Goosehead Insurance (NASDAQ:GSHDGet Rating) last posted its earnings results on Wednesday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $53.00 million for the quarter, compared to the consensus estimate of $50.93 million. Goosehead Insurance had a net margin of 1.36% and a negative return on equity of 3.53%. Goosehead Insurance’s revenue was up 38.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS.

Insider Buying and Selling

In related news, major shareholder & Robyn Jones Descendants Mark sold 44,382 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $60.11, for a total value of $2,667,802.02. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $7,955,498.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Camille Peterson sold 7,000 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $51.26, for a total transaction of $358,820.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 44,382 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $60.11, for a total transaction of $2,667,802.02. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $7,955,498.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,265 shares of company stock valued at $6,544,526. 48.35% of the stock is owned by corporate insiders.

Institutional Trading of Goosehead Insurance

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in Goosehead Insurance by 33.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 265,173 shares of the company’s stock worth $34,493,000 after purchasing an additional 67,147 shares in the last quarter. Sageworth Trust Co of South Dakota purchased a new stake in Goosehead Insurance in the 4th quarter worth $45,000. American Century Companies Inc. lifted its stake in Goosehead Insurance by 16.0% in the 4th quarter. American Century Companies Inc. now owns 262,643 shares of the company’s stock worth $34,164,000 after purchasing an additional 36,228 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in Goosehead Insurance by 3.8% in the 1st quarter. Peregrine Capital Management LLC now owns 176,432 shares of the company’s stock worth $13,862,000 after purchasing an additional 6,493 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Goosehead Insurance by 53.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 23,350 shares of the company’s stock worth $3,037,000 after purchasing an additional 8,174 shares in the last quarter.

About Goosehead Insurance

(Get Rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.

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Analyst Recommendations for Goosehead Insurance (NASDAQ:GSHD)

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