Goosehead Insurance (NASDAQ:GSHD) Receives Average Rating of "Hold" from Brokerages

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) has been given an average rating of "Hold" by the ten analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $115.40.

Several equities analysts have weighed in on the company. 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. BMO Capital Markets dropped their price objective on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Piper Sandler dropped their price objective 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. Finally, 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.

Insider Activity at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $104.76, for a total value of $2,240,292.60. Following the transaction, the insider directly owned 132,349 shares in the company, valued at approximately $13,864,881.24. This represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lindy Langston sold 2,853 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $110.16, for a total transaction of $314,286.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,966 shares of company stock worth $12,407,821. Company insiders own 48.35% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Investment Advisory LLC grew its position in Goosehead Insurance by 9.9% during the second quarter. Harbor Investment Advisory LLC now owns 1,083 shares of the company's stock valued at $114,000 after acquiring an additional 98 shares during the last quarter. Voya Investment Management LLC grew its position in Goosehead Insurance by 39.6% during the first quarter. Voya Investment Management LLC now owns 20,623 shares of the company's stock valued at $2,435,000 after acquiring an additional 5,853 shares during the last quarter. Strs Ohio bought a new position in Goosehead Insurance during the first quarter valued at approximately $956,000. Intech Investment Management LLC grew its position in Goosehead Insurance by 28.2% during the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company's stock valued at $1,320,000 after acquiring an additional 2,461 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Goosehead Insurance by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company's stock valued at $6,894,000 after acquiring an additional 3,218 shares during the last quarter.

Goosehead Insurance Stock Up 1.0%

Shares of GSHD traded up $0.98 during trading hours on Monday, reaching $100.43. The stock had a trading volume of 265,266 shares, compared to its average volume of 272,760. Goosehead Insurance has a 12 month low of $57.80 and a 12 month high of $130.39. The firm has a 50-day simple moving average of $105.15 and a 200 day simple moving average of $108.38. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 84.40, a P/E/G ratio of 7.04 and a beta of 1.42.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $75.58 million for the quarter, compared to analysts' expectations of $78.59 million. During the same period last year, the business earned $0.28 EPS. Goosehead Insurance's quarterly revenue was up 17.2% compared to the same quarter last year. Equities research analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal 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.