Goosehead Insurance, Inc (NASDAQ:GSHD) Given Average Recommendation of “Moderate Buy” by Brokerages

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

GSHD has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Truist Financial dropped their target price on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. TD Cowen started coverage on shares of Goosehead Insurance in a report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, JMP Securities restated a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a research report on Monday, April 15th.

Insider Activity

In related news, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, General Counsel John Terry O’connor bought 1,000 shares of the stock in a transaction dated Monday, February 26th. The stock was purchased at an average cost of $73.46 per share, with a total value of $73,460.00. Following the completion of the purchase, the general counsel now owns 1,000 shares of the company’s stock, valued at $73,460. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

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

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $57.81 on Friday. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. Goosehead Insurance has a 1 year low of $53.57 and a 1 year high of $92.76. The firm has a fifty day moving average price of $71.97 and a 200-day moving average price of $72.89. The stock has a market cap of $2.19 billion, a PE ratio of 101.42, a price-to-earnings-growth ratio of 4.06 and a beta of 1.28.

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 analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $63.01 million during the quarter, compared to analysts’ expectations of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. Equities analysts anticipate that Goosehead Insurance will post 0.8 earnings per share for the current fiscal year.

Goosehead Insurance Company Profile

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.