Goosehead Insurance, Inc (NASDAQ:GSHD) Short Interest Update

Goosehead Insurance, Inc (NASDAQ:GSHD) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 3,430,000 shares, a decline of 7.3% from the October 31st total of 3,700,000 shares. Based on an average trading volume of 255,400 shares, the short-interest ratio is presently 13.4 days. Currently, 14.6% of the shares of the company are sold short.

Goosehead Insurance Trading Down 0.0 %

Shares of NASDAQ:GSHD traded down $0.01 during trading on Tuesday, reaching $123.48. 50,413 shares of the stock were exchanged, compared to its average volume of 286,588. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39. The firm’s 50-day moving average price is $105.82 and its 200 day moving average price is $84.02. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 171.52, a price-to-earnings-growth ratio of 4.86 and a beta of 1.38. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. On average, sell-side analysts anticipate that Goosehead Insurance will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. TD Cowen raised their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. JMP Securities lifted their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. Truist Financial raised their price target on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. BMO Capital Markets increased their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada raised their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $97.90.

Insider Activity

In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Patrick Ryan Langston sold 4,814 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total value of $434,511.64. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at $451,300. The trade was a 49.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 122,255 shares of company stock valued at $12,686,800 over the last quarter. Corporate insiders own 38.03% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth about $29,000. GAMMA Investing LLC grew its position in shares of Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after acquiring an additional 231 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares during the last quarter. Blue Trust Inc. raised its position in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares in the last quarter. Finally, Quarry LP lifted its stake in Goosehead Insurance by 2,810.7% during the second quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after purchasing an additional 787 shares during the last quarter.

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.