Goosehead Insurance (NASDAQ:GSHD) Given Consensus Rating of “Hold” by Brokerages

Goosehead Insurance (NASDAQ:GSHD) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $66.7273.

Several brokerages have commented on GSHD. Citizens Jmp decreased their price target on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Cantor Fitzgerald decreased their price target on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Weiss Ratings cut shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Finally, BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, February 18th.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88. Following the completion of the sale, the insider directly owned 6,995,180 shares of the company’s stock, valued at approximately $285,123,536.80. The trade was a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Martin Ellis Thornthwaite acquired 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $41.50 per share, with a total value of $207,500.00. Following the completion of the transaction, the general counsel owned 5,000 shares in the company, valued at approximately $207,500. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 219,192 shares of company stock valued at $9,092,267. Corporate insiders own 38.07% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several institutional investors have recently modified their holdings of the company. Wasatch Advisors LP lifted its position in shares of Goosehead Insurance by 32.3% during the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after purchasing an additional 559,087 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Goosehead Insurance by 38.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after purchasing an additional 556,293 shares during the last quarter. Durable Capital Partners LP lifted its position in shares of Goosehead Insurance by 126.5% during the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after purchasing an additional 861,374 shares during the last quarter. DF Dent & Co. Inc. lifted its position in shares of Goosehead Insurance by 3.2% during the 4th quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock worth $76,939,000 after purchasing an additional 32,246 shares during the last quarter. Finally, State Street Corp raised its stake in Goosehead Insurance by 1.4% during the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock worth $108,412,000 after acquiring an additional 14,311 shares in the last quarter.

Goosehead Insurance Stock Down 5.8%

Shares of GSHD stock opened at $37.68 on Thursday. Goosehead Insurance has a 52 week low of $35.83 and a 52 week high of $113.00. The stock has a market capitalization of $1.34 billion, a PE ratio of 33.05, a P/E/G ratio of 1.38 and a beta of 1.62. The firm has a 50 day moving average of $42.68 and a two-hundred day moving average of $57.13.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company had revenue of $79.48 million during the quarter, compared to analysts’ expectations of $105.16 million. During the same quarter last year, the company posted $0.26 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. Analysts expect that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.