Goosehead Insurance (NASDAQ:GSHD) Reaches New 12-Month High – Still a Buy?

Goosehead Insurance, Inc (NASDAQ:GSHD) hit a new 52-week high during trading on Wednesday . The stock traded as high as $113.20 and last traded at $113.14, with a volume of 722 shares. The stock had previously closed at $107.54.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. TD Cowen cut Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their price objective for the company from $98.00 to $94.00 in a report on Thursday, August 15th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $84.00 price target (down from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Royal Bank of Canada lifted their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a research report on Thursday, August 22nd. Finally, Truist Financial lifted their price target on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $91.30.

Goosehead Insurance Stock Down 0.6 %

The company has a 50 day moving average price of $92.67 and a two-hundred day moving average price of $75.80. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $3.97 billion, a PE ratio of 149.35, a PEG ratio of 4.14 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. Analysts expect that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $425,950. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $425,950. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Mark Evan Jones sold 10,418 shares of the 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 transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at approximately $3,388,051.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,726 shares of company stock valued at $10,712,638. Company insiders own 38.03% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Goosehead Insurance by 34.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock valued at $196,956,000 after purchasing an additional 879,959 shares during the period. Vanguard Group Inc. raised its holdings in shares of Goosehead Insurance by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after buying an additional 46,861 shares during the period. Motley Fool Asset Management LLC raised its holdings in shares of Goosehead Insurance by 407.4% in the first quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after buying an additional 428,355 shares during the period. American Century Companies Inc. raised its holdings in shares of Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after buying an additional 110,832 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Goosehead Insurance by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after buying an additional 51,023 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.