Goosehead Insurance (NASDAQ:GSHD) Given Consensus Rating of "Hold" by Brokerages

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

Several research firms recently issued reports on GSHD. Piper Sandler dropped their target price on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. JMP Securities reiterated a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. Keefe, Bruyette & Woods upped their target price on Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group dropped their price objective on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th.

Goosehead Insurance Stock Performance

GSHD opened at $104.48 on Monday. Goosehead Insurance has a 52-week low of $55.47 and a 52-week high of $130.39. The firm has a market capitalization of $3.92 billion, a PE ratio of 87.79, a PEG ratio of 7.36 and a beta of 1.42. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.79 and a current ratio of 2.79. The business's 50-day simple moving average is $104.85 and its 200 day simple moving average is $108.57.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a negative return on equity of 99.91% and a net margin of 9.51%. The business had revenue of $75.58 million for the quarter, compared to analyst estimates of $78.59 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. Goosehead Insurance's revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, General Counsel John Terry O'connor sold 2,500 shares of the company'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 value of $261,050.00. Following the sale, the general counsel owned 1,000 shares in the company, valued at $104,420. This represents a 71.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $104.76, for a total value of $2,240,292.60. Following the transaction, the insider owned 132,349 shares in the company, valued at approximately $13,864,881.24. This trade represents a 13.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,966 shares of company stock worth $12,407,821 over the last 90 days. Company insiders own 37.76% of the company's stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently made changes to their positions in GSHD. Bessemer Group Inc. increased its stake in shares of Goosehead Insurance by 192.9% during the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after purchasing an additional 191 shares during the period. TCTC Holdings LLC increased its stake in shares of Goosehead Insurance by 117.1% during the first quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after purchasing an additional 178 shares during the period. Larson Financial Group LLC increased its stake in shares of Goosehead Insurance by 1,251.6% during the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after purchasing an additional 388 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance during the first quarter worth approximately $53,000. Finally, SVB Wealth LLC bought a new position in shares of Goosehead Insurance during the first quarter worth approximately $62,000.

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.

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