Goosehead Insurance, Inc (NASDAQ:GSHD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $84.88.

Several equities research analysts have recently commented on the company. Truist Financial decreased 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. TD Cowen started coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price target for the company. Piper Sandler upped their price objective on shares of Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. BMO Capital Markets reduced their price objective on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th.

Goosehead Insurance Trading Up 2.0 %

GSHD opened at $57.81 on Friday. The company has a fifty day moving average price of $71.97 and a two-hundred day moving average price of $72.89. Goosehead Insurance has a 1-year low of $53.57 and a 1-year high of $92.76. The company has a market cap of $2.19 billion, a P/E ratio of 101.42, a price-to-earnings-growth ratio of 4.06 and a beta of 1.28. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The firm had revenue of $63.01 million during the quarter, compared to analyst estimates of $68.18 million. Analysts predict that Goosehead Insurance will post 0.8 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Goosehead Insurance news, CFO Mark E. Jr. Jones acquired 1,332 shares of Goosehead Insurance stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $74.86 per share, for a total transaction of $99,713.52. Following the purchase, the chief financial officer now directly owns 1,332 shares of the company’s stock, valued at $99,713.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The disclosure for this sale can be found here. Over the last quarter, insiders bought 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. 48.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently added to or reduced their stakes in the stock. USA Financial Formulas boosted its stake in Goosehead Insurance by 5,350.0% in the fourth quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after acquiring an additional 321 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Goosehead Insurance in the fourth quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale purchased a new position in Goosehead Insurance in the fourth quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd bought a new position in Goosehead Insurance during the third quarter valued at $37,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Goosehead Insurance by 21.8% in the second quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock valued at $58,000 after buying an additional 166 shares during the period.

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.