Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Consensus Rating of “Hold” from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $91.30.

GSHD has been the subject of a number of analyst reports. Truist Financial increased their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. Piper Sandler raised their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. BMO Capital Markets downgraded shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a research note on Thursday, August 22nd. TD Cowen downgraded shares of Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $98.00 to $94.00 in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th.

Goosehead Insurance Stock Up 0.7 %

Shares of NASDAQ:GSHD opened at $107.54 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $111.41. The company has a 50-day moving average price of $92.19 and a 200 day moving average price of $75.45. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 147.85, a PEG ratio of 4.14 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter last year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities research analysts predict that Goosehead Insurance will post 0.84 earnings per share for the current year.

Insider Transactions at Goosehead Insurance

In other news, Chairman Mark Evan Jones sold 8,977 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $82.33, for a total transaction of $739,076.41. Following the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at approximately $3,248,000.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman Mark Evan Jones sold 8,977 shares of Goosehead Insurance stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $82.33, for a total transaction of $739,076.41. Following the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,248,000.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,726 shares of company stock valued at $10,712,638. 38.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors have recently bought and sold shares of GSHD. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance in the third quarter valued at approximately $29,000. GAMMA Investing LLC boosted its stake in Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after acquiring an additional 231 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. Blue Trust Inc. boosted its stake in Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares in the last quarter. Finally, Quarry LP boosted its stake in Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 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.