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

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) has earned an average recommendation of "Hold" from the ten research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $115.40.

A number of research analysts recently weighed in on GSHD shares. Keefe, Bruyette & Woods upped their price target on Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Piper Sandler dropped their price target on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Truist Financial restated a "hold" rating and issued a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, UBS Group lowered their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, General Counsel John Terry O'connor sold 2,500 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total transaction of $261,050.00. Following the completion of the transaction, the general counsel now directly owns 1,000 shares of the company's stock, valued at approximately $104,420. This represents a 71.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $103.74, for a total value of $5,187,000.00. Following the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $13,729,885.26. This trade represents a 27.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,678 shares of company stock worth $17,689,105. Insiders own 48.35% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GSHD. Whitebark Investors LP bought a new position in Goosehead Insurance in the 4th quarter worth approximately $55,326,000. American Century Companies Inc. boosted its holdings in Goosehead Insurance by 51.4% in the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock worth $69,597,000 after buying an additional 220,267 shares during the period. Driehaus Capital Management LLC bought a new position in Goosehead Insurance in the 1st quarter worth approximately $22,003,000. Goldman Sachs Group Inc. boosted its holdings in Goosehead Insurance by 86.6% in the 1st 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 during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after purchasing an additional 96,309 shares during the period.

Goosehead Insurance Trading Down 3.7%

Goosehead Insurance stock traded down $4.02 during trading hours on Thursday, reaching $104.22. 202,835 shares of the company's stock were exchanged, compared to its average volume of 270,535. The firm has a market capitalization of $3.91 billion, a PE ratio of 144.75, a PEG ratio of 5.17 and a beta of 1.46. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm's 50 day simple moving average is $106.29 and its 200 day simple moving average is $110.37. Goosehead Insurance has a twelve month low of $54.80 and a twelve month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $75.58 million for the quarter, compared to analyst estimates of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company's revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Research analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.