Goosehead Insurance, Inc (NASDAQ:GSHD) Given Average Recommendation of “Moderate Buy” by Brokerages

Goosehead Insurance, Inc (NASDAQ:GSHD) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $74.00.

A number of equities analysts have issued reports on the stock. Bank of America lifted their target price on shares of Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 11th. Truist Financial reduced their target price on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods dropped their price target on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. JMP Securities restated a “market outperform” rating and issued a $100.00 price objective on shares of Goosehead Insurance in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $55.77 on Thursday. The business has a 50 day moving average price of $60.02 and a 200 day moving average price of $68.82. The company has a market capitalization of $2.12 billion, a P/E ratio of 89.95, a PEG ratio of 3.74 and a beta of 1.45. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $92.76. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.73 and a quick ratio of 1.73.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $64.46 million during the quarter, compared to analysts’ expectations of $66.24 million. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. Sell-side analysts expect that Goosehead Insurance will post 0.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Mark Miller purchased 10,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were bought at an average price of $58.06 per share, for a total transaction of $580,600.00. Following the acquisition, the chief operating officer now directly owns 30,000 shares in the company, valued at $1,741,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 48.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GSHD. Motley Fool Asset Management LLC boosted its position in shares of Goosehead Insurance by 28.0% in the first quarter. Motley Fool Asset Management LLC now owns 134,537 shares of the company’s stock worth $8,963,000 after buying an additional 29,392 shares during the period. Grandeur Peak Global Advisors LLC boosted its holdings in Goosehead Insurance by 159.8% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 82,564 shares of the company’s stock worth $5,500,000 after acquiring an additional 50,784 shares during the period. Janus Henderson Group PLC grew its position in Goosehead Insurance by 55.6% in the first quarter. Janus Henderson Group PLC now owns 15,972 shares of the company’s stock valued at $1,064,000 after acquiring an additional 5,705 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Goosehead Insurance by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,152 shares of the company’s stock valued at $410,000 after purchasing an additional 777 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Goosehead Insurance by 1.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 27,315 shares of the company’s stock worth $1,818,000 after purchasing an additional 439 shares in 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.