Goosehead Insurance, Inc (NASDAQ:GSHD) Short Interest Update

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 2,500,000 shares, a decrease of 15.5% from the April 30th total of 2,960,000 shares. Currently, 10.7% of the company's shares are sold short. Based on an average daily trading volume, of 318,800 shares, the short-interest ratio is presently 7.8 days.

Insiders Place Their Bets

In related news, major shareholder Lindy Langston sold 2,853 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel John Terry O'connor sold 2,500 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total value of $261,050.00. Following the transaction, the general counsel now owns 1,000 shares in the company, valued at approximately $104,420. This trade represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,178 shares of company stock worth $17,749,165. Corporate insiders own 48.35% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Alberta Investment Management Corp lifted its position in Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock worth $3,923,000 after buying an additional 25,595 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Goosehead Insurance by 48.1% during the fourth quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock valued at $2,250,000 after acquiring an additional 6,813 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $536,000. Point72 Asset Management L.P. bought a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $665,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Goosehead Insurance by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock valued at $12,744,000 after acquiring an additional 4,333 shares in the last quarter.

Wall Street Analysts Forecast Growth

GSHD has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective 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. JMP Securities restated a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research note on Thursday, April 24th. Piper Sandler decreased their target price on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods raised their target price on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Goosehead Insurance has a consensus rating of "Hold" and a consensus price target of $115.40.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded up $0.98 during midday trading on Friday, reaching $112.21. The stock had a trading volume of 171,026 shares, compared to its average volume of 273,120. 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 has a market capitalization of $4.21 billion, a PE ratio of 155.85, a P/E/G ratio of 5.17 and a beta of 1.45. Goosehead Insurance has a 12 month low of $54.80 and a 12 month high of $130.39. The firm's 50-day moving average price is $106.77 and its 200 day moving average price is $111.21.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The business had revenue of $75.58 million during 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 quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. As a group, research analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal 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.