Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $78.60.

Several equities research analysts recently weighed in on GSHD shares. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and cut their price objective for the stock from $98.00 to $94.00 in a research report on Thursday, August 15th. UBS Group upped their price target on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Piper Sandler lifted their price objective on shares of Goosehead Insurance from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Bank of America lifted their price target on Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, June 11th.

Insider Activity

In related news, Chairman Mark Evan Jones sold 10,418 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the completion of the transaction, the chairman now owns 39,451 shares in the company, valued at approximately $3,388,051.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Chairman Mark Evan Jones sold 10,418 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the sale, the chairman now owns 39,451 shares of the company’s stock, valued at $3,388,051.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at $425,950. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,791 shares of company stock valued at $2,551,635. 48.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in GSHD. USA Financial Formulas increased its position in Goosehead Insurance by 5,350.0% during the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after purchasing an additional 321 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Goosehead Insurance during the fourth quarter worth $35,000. Benjamin F. Edwards & Company Inc. bought a new position in Goosehead Insurance during the first quarter worth $35,000. Cullen Frost Bankers Inc. lifted its holdings in Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after buying an additional 210 shares during the period. Finally, Quarry LP boosted its position in Goosehead Insurance by 2,810.7% during the second quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 shares during the last quarter.

Goosehead Insurance Stock Down 1.9 %

NASDAQ GSHD opened at $82.34 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 132.81, a PEG ratio of 4.61 and a beta of 1.35. The company has a 50 day moving average of $69.22 and a 200-day moving average of $68.44. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. On average, equities research analysts expect that Goosehead Insurance will post 0.75 earnings per share for the current fiscal year.

Goosehead Insurance Company Profile

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.