Goosehead Insurance (NASDAQ:GSHD) Hits New 12-Month Low – Should You Sell?

Goosehead Insurance (NASDAQ:GSHD)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $42.77 and last traded at $43.4450, with a volume of 60496 shares. The stock had previously closed at $44.17.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GSHD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Goosehead Insurance in a research note on Wednesday, January 28th. Truist Financial dropped their target price on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Citigroup reiterated an “outperform” rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Jefferies Financial Group began coverage on shares of Goosehead Insurance in a research report on Monday, December 1st. They set a “buy” rating and a $93.00 price target on the stock. Finally, UBS Group reduced their price objective on shares of Goosehead Insurance from $121.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.78.

Goosehead Insurance Stock Down 1.4%

The stock has a 50-day simple moving average of $58.93 and a 200-day simple moving average of $68.47. The firm has a market capitalization of $1.59 billion, a PE ratio of 41.70, a P/E/G ratio of 3.12 and a beta of 1.57.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly 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 negative return on equity of 21.31% and a net margin of 7.62%.The firm had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $99.67 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Director Louis Goldberg purchased 5,575 shares of the stock in a transaction dated Friday, February 20th. The shares were bought at an average price of $44.85 per share, with a total value of $250,038.75. Following the completion of the transaction, the director directly owned 5,575 shares in the company, valued at approximately $250,038.75. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 37.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in shares of Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Goosehead Insurance during the 4th quarter worth about $41,000. Northwestern Mutual Wealth Management Co. boosted its stake in Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares during the period. Fifth Third Bancorp grew its holdings in Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after buying an additional 284 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Goosehead Insurance by 614.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after buying an additional 860 shares in the last quarter.

About Goosehead Insurance

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.