Goosehead Insurance, Inc (NASDAQ:GSHD) Short Interest Down 15.5% in May

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) was the target 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 short sold. Based on an average trading volume of 318,800 shares, the days-to-cover ratio is currently 7.8 days.

Analysts Set New Price Targets

Several research firms recently commented on GSHD. UBS Group cut their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Truist Financial reiterated a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Bank of America increased their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. BMO Capital Markets dropped their price objective on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Finally, JMP Securities restated a "market outperform" rating and issued a $150.00 price objective on shares of Goosehead Insurance in a research note 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $115.40.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $120.82, for a total value of $5,281,283.84. Following the transaction, the insider now owns 132,349 shares in the company, valued at approximately $15,990,406.18. This represents a 24.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John Terry O'connor sold 2,500 shares of the business's stock in a transaction that occurred 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 sale, the general counsel now directly owns 1,000 shares of the company's stock, valued at $104,420. This represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,178 shares of company stock worth $17,749,165. 48.35% of the stock is owned by corporate insiders.

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 shares of Goosehead Insurance in the 4th quarter worth $55,326,000. American Century Companies Inc. raised its holdings in Goosehead Insurance by 51.4% during the fourth 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 last quarter. Driehaus Capital Management LLC acquired a new position in Goosehead Insurance during the first quarter worth $22,003,000. Goldman Sachs Group Inc. raised its holdings in Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock worth $41,885,000 after buying an additional 164,693 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in Goosehead Insurance by 89.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock worth $21,870,000 after buying an additional 96,309 shares during the last quarter.

Goosehead Insurance Stock Performance

GSHD stock traded up $0.74 during midday trading on Thursday, reaching $111.23. 182,493 shares of the company were exchanged, compared to its average volume of 272,112. The business has a 50-day moving average price of $107.02 and a two-hundred day moving average price of $111.29. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 154.49, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. Goosehead Insurance has a one year low of $54.80 and a one year high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

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