Goosehead Insurance (GSHD) Scheduled to Post Earnings on Wednesday

Goosehead Insurance (NASDAQ:GSHD) is scheduled to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Goosehead Insurance to post earnings of $0.22 per share for the quarter. Goosehead Insurance has set its FY 2024 guidance at EPS.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $63.01 million during the quarter, compared to analyst estimates of $68.18 million. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. On average, analysts expect Goosehead Insurance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Goosehead Insurance Trading Up 0.4 %

GSHD traded up $0.21 during trading on Thursday, hitting $56.71. The company’s stock had a trading volume of 99,186 shares, compared to its average volume of 277,496. The firm’s 50 day moving average price is $72.94 and its 200-day moving average price is $73.11. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market cap of $2.15 billion, a PE ratio of 99.53, a PEG ratio of 4.05 and a beta of 1.28. Goosehead Insurance has a twelve month low of $53.57 and a twelve month high of $92.76.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 8,952 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $80.05, for a total value of $716,607.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Desiree Coleman sold 8,952 shares of Goosehead Insurance stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $80.05, for a total value of $716,607.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.67, for a total value of $297,685.78. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The disclosure for this sale can be found here. In the last ninety days, insiders bought 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. 48.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds have recently bought and sold shares of GSHD. Capital World Investors grew its stake in Goosehead Insurance by 335.5% in the first quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after purchasing an additional 437,576 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in Goosehead Insurance by 30.7% in the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock valued at $117,605,000 after acquiring an additional 351,769 shares during the period. Ashford Capital Management Inc. boosted its stake in Goosehead Insurance by 172.5% in the fourth quarter. Ashford Capital Management Inc. now owns 474,215 shares of the company’s stock valued at $16,285,000 after acquiring an additional 300,185 shares during the period. Balyasny Asset Management L.P. boosted its stake in Goosehead Insurance by 229.1% in the first quarter. Balyasny Asset Management L.P. now owns 383,950 shares of the company’s stock valued at $20,042,000 after acquiring an additional 267,287 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in Goosehead Insurance by 95.9% in the fourth quarter. Point72 Asset Management L.P. now owns 528,054 shares of the company’s stock valued at $18,133,000 after acquiring an additional 258,554 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GSHD. JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Piper Sandler upped their price objective on Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Truist Financial dropped their price objective on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, March 28th. JMP Securities reiterated a “market outperform” rating and issued a $100.00 price target on shares of Goosehead Insurance in a report on Monday. Finally, BMO Capital Markets lowered their price target on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

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.