Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Goosehead Insurance, Inc (NASDAQ:GSHD) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $84.88.

A number of research analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a report on Monday. TD Cowen began coverage on Goosehead Insurance in a research note on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price target on the stock. Truist Financial lowered their price objective on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Piper Sandler increased their price target on Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets reduced their price objective on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th.

Goosehead Insurance Trading Up 0.1 %

Shares of NASDAQ GSHD opened at $56.50 on Friday. The stock’s 50 day simple moving average is $72.94 and its 200 day simple moving average is $73.11. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 99.12, a price-to-earnings-growth ratio of 3.98 and a beta of 1.28. Goosehead Insurance has a 12-month low of $51.06 and a 12-month high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $63.01 million for 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%. Equities research analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $9,915,587.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Desiree Coleman sold 17,070 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $80.15, for a total transaction of $1,368,160.50. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. 38.03% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

Large investors have recently made changes to their positions in the company. USA Financial Formulas increased its position in shares of Goosehead Insurance by 5,350.0% in the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after buying an additional 321 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at $33,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Goosehead Insurance in the 4th quarter valued at $35,000. Harvest Fund Management Co. Ltd bought a new position in Goosehead Insurance during the 3rd quarter worth about $37,000. Finally, Tower Research Capital LLC TRC increased its holdings in Goosehead Insurance by 21.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock worth $58,000 after purchasing an additional 166 shares in the last quarter.

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.