Goosehead Insurance (GSHD) to Release Quarterly Earnings on Wednesday

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, April 23rd. Analysts expect Goosehead Insurance to post earnings of $0.24 per share and revenue of $78.59 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock traded down $1.44 during trading on Friday, hitting $107.05. 149,569 shares of the company's stock were exchanged, compared to its average volume of 276,477. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 148.68, a PEG ratio of 5.17 and a beta of 1.48. The business has a 50-day simple moving average of $114.89 and a 200-day simple moving average of $111.13. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $130.39. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Wall Street Analyst Weigh In

GSHD has been the subject of several analyst reports. Piper Sandler decreased their price objective on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Truist Financial reissued a "hold" rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Bank of America raised their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on shares of Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, UBS Group lifted their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $110.10.

Insider Activity at Goosehead Insurance

In related news, CFO Mark E. Jr. Jones bought 1,010 shares of the business's stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $118.02 per share, with a total value of $119,200.20. Following the purchase, the chief financial officer now directly owns 2,342 shares of the company's stock, valued at $276,402.84. The trade was a 75.83 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the transaction, the insider now owns 132,349 shares in the company, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 308,812 shares of company stock valued at $37,392,258. 48.35% of the stock is owned by insiders.

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.