Goosehead Insurance (NASDAQ:GSHD) Now Covered by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada initiated coverage of Goosehead Insurance (GSHD) with a "sector perform" rating and a $49 price target, implying about a 4.9% upside from the prior close.
• Goosehead's latest quarter beat EPS expectations ($0.64 vs. $0.54) but missed revenue estimates ($78.2M vs. $99.7M); analysts have a consensus "Moderate Buy" with a $77.60 target, while the stock trades at a high P/E (~44.9) and $1.71B market cap.
• Insiders and institutions are active: director Louis Goldberg bought 5,575 shares at ~$44.85 and insiders own 37.76% of the company, while firms like Goldman Sachs substantially increased their stakes (an 86.6% rise to 354,775 shares).

Research analysts at Royal Bank Of Canada initiated coverage on shares of Goosehead Insurance (NASDAQ:GSHD - Get Free Report) in a research report issued on Tuesday. The firm set a "sector perform" rating and a $49.00 price target on the stock. Royal Bank Of Canada's price objective points to a potential upside of 4.86% from the company's previous close.

GSHD has been the topic of a number of other reports. Jefferies Financial Group began coverage on Goosehead Insurance in a report on Monday, December 1st. They issued a "buy" rating and a $93.00 target price on the stock. Truist Financial reduced their target price on Goosehead Insurance from $72.00 to $58.00 and set a "hold" rating for the company in a report on Wednesday, February 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Goosehead Insurance in a research report on Wednesday, January 28th. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $80.00 to $68.00 and set a "neutral" rating on the stock in a research note on Monday, February 23rd. Finally, Wall Street Zen raised shares of Goosehead Insurance from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.60.

Goosehead Insurance Trading Up 4.0%

GSHD stock traded up $1.80 on Tuesday, hitting $46.73. 20,028 shares of the company's stock traded hands, compared to its average volume of 475,515. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 44.93, a P/E/G ratio of 3.12 and a beta of 1.57. Goosehead Insurance has a 1-year low of $42.77 and a 1-year high of $127.99. The stock has a fifty day moving average of $58.37 and a 200-day moving average of $68.18.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.10. The firm had revenue of $78.20 million for the quarter, compared to analyst estimates of $99.67 million. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. On average, equities research analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Goosehead Insurance news, Director Louis Goldberg acquired 5,575 shares of the firm's stock in a transaction on Friday, February 20th. The stock was purchased at an average cost of $44.85 per share, for a total transaction of $250,038.75. Following the transaction, the director owned 5,575 shares of the company's stock, valued at $250,038.75. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 37.76% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. AQR Capital Management LLC boosted its stake in shares of Goosehead Insurance by 85.7% during the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company's stock valued at $511,000 after buying an additional 1,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Goosehead Insurance by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company's stock worth $1,578,000 after acquiring an additional 578 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Goosehead Insurance by 86.6% in the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock worth $41,885,000 after acquiring an additional 164,693 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 worth $6,894,000 after acquiring an additional 3,218 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Goosehead Insurance by 28.2% during the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company's stock worth $1,320,000 after acquiring an additional 2,461 shares in the last quarter.

About Goosehead Insurance

Goosehead Insurance NASDAQ: GSHD is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.

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