Goosehead Insurance (NASDAQ:GSHD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Goosehead Insurance (NASDAQ:GSHD) have received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $80.7778.

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Goosehead Insurance in a research report on Wednesday, January 28th. Truist Financial lowered their target price on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Wall Street Zen raised Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods reduced their price target on Goosehead Insurance from $95.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Finally, Cantor Fitzgerald set a $84.00 price objective on Goosehead Insurance in a research note on Monday, February 23rd.

Goosehead Insurance Trading Up 0.5%

GSHD opened at $44.17 on Friday. The company’s 50 day moving average is $58.93 and its 200 day moving average is $68.72. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 3.11 and a beta of 1.57. Goosehead Insurance has a 12-month low of $42.87 and a 12-month high of $127.99.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The business had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $99.67 million. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. As a group, analysts predict that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, Director Louis Goldberg bought 5,575 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were bought at an average price of $44.85 per share, for a total transaction of $250,038.75. Following the purchase, the director owned 5,575 shares in the company, valued at approximately $250,038.75. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

A number of hedge funds and other institutional investors have recently modified their holdings of GSHD. T. Rowe Price Investment Management Inc. raised 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 valued at $147,448,000 after purchasing an additional 556,293 shares during the period. Voloridge Investment Management LLC lifted its stake in shares of Goosehead Insurance by 21.4% during the 4th quarter. Voloridge Investment Management LLC now owns 40,304 shares of the company’s stock valued at $2,968,000 after buying an additional 7,100 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Goosehead Insurance in the 4th quarter worth $4,409,000. Odyssean LLC purchased a new stake in Goosehead Insurance in the 4th quarter worth $728,000. Finally, Millennium Management LLC increased its stake in Goosehead Insurance by 29.5% in the 4th quarter. Millennium Management LLC now owns 126,485 shares of the company’s stock worth $9,316,000 after buying an additional 28,803 shares in the last quarter.

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.