Goosehead Insurance (NASDAQ:GSHD) Issues Quarterly Earnings Results

Key Points

• Goosehead Insurance reported earnings of $0.29 per share for the quarter, falling short of analysts' expectations of $0.54, representing a miss of $0.25 EPS.
• Shares of Goosehead Insurance rose by $0.40 to $68.65, with a one-year trading range between $64.40 and $130.39.
• Insiders sold a total of 244,770 shares worth over $21.5 million in the last three months, with 37.76% of stock currently held by insiders.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) issued its earnings results on Wednesday. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.08), Briefing.com reports. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The business had revenue of $90.44 million for the quarter, compared to analysts' expectations of $94.25 million. During the same quarter in the prior year, the business posted $0.50 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. Goosehead Insurance updated its FY 2025 guidance to EPS.

Goosehead Insurance Trading Up 0.6%

GSHD opened at $68.65 on Thursday. The firm has a market cap of $2.58 billion, a P/E ratio of 60.75, a P/E/G ratio of 13.68 and a beta of 1.27. Goosehead Insurance has a 12 month low of $64.40 and a 12 month high of $130.39. The stock has a 50-day moving average of $77.78 and a 200 day moving average of $93.47.

Insider Activity

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $87.01, for a total transaction of $52,206.00. Following the completion of the sale, the insider directly owned 132,349 shares of the company's stock, valued at approximately $11,515,686.49. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 244,770 shares of company stock valued at $21,568,721. 48.35% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock worth $34,000 after purchasing an additional 269 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock worth $47,000 after purchasing an additional 393 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Goosehead Insurance by 114.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,054 shares of the company's stock worth $217,000 after purchasing an additional 1,097 shares during the last quarter. Cetera Investment Advisers lifted its stake in Goosehead Insurance by 14.8% in the second quarter. Cetera Investment Advisers now owns 3,464 shares of the company's stock worth $365,000 after purchasing an additional 446 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its stake in Goosehead Insurance by 10.4% in the second quarter. Cresset Asset Management LLC now owns 3,752 shares of the company's stock worth $396,000 after purchasing an additional 352 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on GSHD shares. Keefe, Bruyette & Woods cut their target price on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Zacks Research cut Goosehead Insurance from a "hold" rating to a "strong sell" rating in a report on Friday, October 10th. Citigroup reissued an "outperform" rating on shares of Goosehead Insurance in a report on Tuesday, October 14th. BMO Capital Markets lowered their price target on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Goosehead Insurance in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $105.09.

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.