Goosehead Insurance (NASDAQ:GSHD) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Goosehead Insurance (NASDAQ:GSHD) has received a consensus rating of "Hold" from twelve brokerage firms, with one firm issuing a sell recommendation and four giving a buy recommendation.
• In recent trading, major shareholders have sold significant amounts of stock, with insider sales totaling 244,770 shares valued at approximately $21.6 million over the past three months.
• The company's recent earnings report indicated a missed earnings expectation, with EPS of $0.49 against an estimate of $0.53, signaling potential concerns among investors.

Shares of Goosehead Insurance (NASDAQ:GSHD - Get Free Report) have received a consensus recommendation of "Hold" from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $109.3636.

Several equities research analysts recently commented on the stock. UBS Group dropped their price objective on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Piper Sandler cut their price target on shares of Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a report on Tuesday, September 2nd. Keefe, Bruyette & Woods dropped their target price on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, BMO Capital Markets dropped their target price on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th.

Goosehead Insurance Trading Down 3.0%

Shares of GSHD stock traded down $2.39 during mid-day trading on Friday, reaching $77.97. The stock had a trading volume of 502,921 shares, compared to its average volume of 254,574. The stock's 50-day moving average price is $87.68 and its two-hundred day moving average price is $100.69. Goosehead Insurance has a 52-week low of $77.74 and a 52-week high of $130.39. The firm has a market capitalization of $2.93 billion, a PE ratio of 69.00, a price-to-earnings-growth ratio of 6.67 and a beta of 1.34. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The firm had revenue of $94.03 million during the quarter, compared to analysts' expectations of $94.18 million. During the same quarter in the previous year, the firm posted $0.43 EPS. Goosehead Insurance's revenue was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. Equities analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the sale, the insider directly owned 132,349 shares in the company, valued at $11,677,152.27. This trade represents a 31.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of Goosehead Insurance stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 244,770 shares of company stock worth $21,568,721. Company insiders own 48.35% of the company's stock.

Institutional Trading of Goosehead Insurance

A number of large investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its position in Goosehead Insurance by 48.1% in the 4th quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock valued at $2,250,000 after buying an additional 6,813 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Goosehead Insurance by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,791 shares of the company's stock valued at $1,371,000 after purchasing an additional 479 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Goosehead Insurance by 45.8% in the 4th quarter. Millennium Management LLC now owns 105,074 shares of the company's stock valued at $11,266,000 after acquiring an additional 32,998 shares during the last quarter. Man Group plc purchased a new stake in shares of Goosehead Insurance in the 4th quarter valued at $510,000. Finally, ProShare Advisors LLC boosted its holdings in shares of Goosehead Insurance by 44.2% in the 4th quarter. ProShare Advisors LLC now owns 6,812 shares of the company's stock valued at $730,000 after acquiring an additional 2,088 shares during the last quarter.

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.