Goosehead Insurance (NASDAQ:GSHD) Given Average Rating of “Hold” by Analysts

Shares of Goosehead Insurance (NASDAQ:GSHD) have earned an average recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $65.0909.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Weiss Ratings lowered shares of Goosehead Insurance from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Cantor Fitzgerald lowered their price objective on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, April 9th.

Insider Activity at Goosehead Insurance

In related news, General Counsel Martin Ellis Thornthwaite acquired 5,000 shares of the stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the acquisition, the general counsel directly owned 5,000 shares of the company’s stock, valued at approximately $207,500. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Arthur Martin acquired 5,000 shares of the stock in a transaction on Thursday, May 28th. The stock was bought at an average price of $34.73 per share, with a total value of $173,650.00. Following the completion of the acquisition, the chief financial officer directly owned 5,000 shares of the company’s stock, valued at $173,650. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 12,800 shares of company stock valued at $480,718 and have sold 219,192 shares valued at $9,092,267. Company insiders own 38.07% of the company’s stock.

Institutional Trading of Goosehead Insurance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC increased its stake in shares of Goosehead Insurance by 85.7% during the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after purchasing an additional 1,999 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Goosehead Insurance by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock valued at $1,578,000 after purchasing an additional 578 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock valued at $41,885,000 after purchasing an additional 164,693 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Goosehead Insurance by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock valued at $6,894,000 after purchasing an additional 3,218 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Goosehead Insurance by 28.2% during the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after purchasing an additional 2,461 shares in the last quarter.

Goosehead Insurance Trading Up 6.6%

Goosehead Insurance stock opened at $46.87 on Monday. The firm has a 50-day moving average of $40.54 and a 200-day moving average of $52.06. The firm has a market cap of $1.67 billion, a P/E ratio of 41.11, a P/E/G ratio of 1.52 and a beta of 1.52. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $106.84.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. Goosehead Insurance’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Research analysts forecast that Goosehead Insurance will post 1.49 earnings per share for the current fiscal year.

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.