William Blair Comments on Goosehead Insurance, Inc’s Q2 2024 Earnings (NASDAQ:GSHD)

Goosehead Insurance, Inc (NASDAQ:GSHD) – Research analysts at William Blair boosted their Q2 2024 earnings per share estimates for shares of Goosehead Insurance in a report released on Monday, April 15th. William Blair analyst A. Klauber now anticipates that the company will post earnings of $0.26 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for Goosehead Insurance’s current full-year earnings is $0.80 per share. William Blair also issued estimates for Goosehead Insurance’s Q3 2024 earnings at $0.30 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.35 EPS.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The business had revenue of $63.01 million during the quarter, compared to analyst estimates of $68.18 million.

Other research analysts have also recently issued reports about the company. Piper Sandler upped their price target on Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Truist Financial decreased their price target on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. BMO Capital Markets decreased their price target on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. JMP Securities restated a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.88.

Goosehead Insurance Trading Up 0.4 %

GSHD opened at $56.70 on Wednesday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The business’s 50 day moving average price is $72.48 and its 200 day moving average price is $73.00. Goosehead Insurance has a one year low of $53.57 and a one year high of $92.76. The stock has a market capitalization of $2.15 billion, a PE ratio of 99.47, a P/E/G ratio of 4.05 and a beta of 1.28.

Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 17,070 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $80.15, for a total value of $1,368,160.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Corporate insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Goosehead Insurance by 7.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,897,246 shares of the company’s stock worth $151,236,000 after buying an additional 212,130 shares during the period. Vanguard Group Inc. boosted its stake in shares of Goosehead Insurance by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock worth $179,589,000 after buying an additional 36,676 shares during the period. Wasatch Advisors LP lifted its position in Goosehead Insurance by 17.2% in the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after purchasing an additional 308,312 shares during the period. BlackRock Inc. lifted its position in Goosehead Insurance by 9.2% in the second quarter. BlackRock Inc. now owns 1,569,036 shares of the company’s stock valued at $98,677,000 after purchasing an additional 131,733 shares during the period. Finally, Wasatch Advisors Inc. lifted its position in Goosehead Insurance by 30.7% in the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock valued at $117,605,000 after purchasing an additional 351,769 shares during the period.

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.