Goosehead Insurance (NASDAQ:GSHD) Trading 3.6% Higher

Goosehead Insurance, Inc (NASDAQ:GSHD)’s share price traded up 3.6% during trading on Wednesday . The company traded as high as $64.56 and last traded at $64.06. 185,563 shares traded hands during trading, a decline of 37% from the average session volume of 294,742 shares. The stock had previously closed at $61.84.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price 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 reiterated a “market outperform” rating and issued a $100.00 price objective on shares of Goosehead Insurance in a research report on Monday, April 15th. Bank of America raised their target price on shares of Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a report on Tuesday, June 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price target on shares of Goosehead Insurance in a report on Friday, June 28th. Finally, BMO Capital Markets dropped their price objective on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Moderate Buy” and an average target price of $74.60.

Goosehead Insurance Stock Up 2.5 %

The firm’s 50 day simple moving average is $60.04 and its 200-day simple moving average is $67.39. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 99.74, a price-to-earnings-growth ratio of 4.34 and a beta of 1.36.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The company had revenue of $64.46 million during the quarter, compared to analysts’ expectations of $66.24 million. Equities analysts expect that Goosehead Insurance, Inc will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Mark Miller purchased 10,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $58.06 per share, for a total transaction of $580,600.00. Following the completion of the purchase, the chief operating officer now directly owns 30,000 shares in the company, valued at approximately $1,741,800. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 48.35% of the stock is owned by corporate insiders.

Institutional Trading of Goosehead Insurance

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its holdings in shares of Goosehead Insurance by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock worth $1,140,000 after acquiring an additional 161 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after purchasing an additional 165 shares during the last quarter. Janney Capital Management LLC lifted its stake in shares of Goosehead Insurance by 3.2% during the 4th quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock worth $440,000 after buying an additional 181 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Goosehead Insurance by 4.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock worth $419,000 after buying an additional 242 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Goosehead Insurance by 20.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after buying an additional 277 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.