Goosehead Insurance (NASDAQ:GSHD) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04), Briefing.com reports. The company had revenue of $94.03 million for the quarter, compared to analyst estimates of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%. The company's revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Goosehead Insurance updated its FY 2025 guidance to EPS.

Goosehead Insurance Price Performance

NASDAQ:GSHD traded down $1.41 during mid-day trading on Friday, reaching $87.62. The stock had a trading volume of 624,603 shares, compared to its average volume of 315,133. The stock has a 50-day simple moving average of $103.63 and a two-hundred day simple moving average of $107.87. The stock has a market capitalization of $3.29 billion, a PE ratio of 77.54, a P/E/G ratio of 7.25 and a beta of 1.42. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. Goosehead Insurance has a 12 month low of $79.33 and a 12 month high of $130.39.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, General Counsel John Terry O'connor sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were 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 trade represents a 71.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Lindy Langston sold 11,042 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $110.20, for a total transaction of $1,216,828.40. The disclosure for this sale can be found here. Insiders have sold 118,966 shares of company stock valued at $12,407,821 over the last three months. 37.76% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in Goosehead Insurance by 86.6% in the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock valued at $41,885,000 after buying an additional 164,693 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Goosehead Insurance by 5.8% in 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 buying an additional 3,218 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 valued at $1,578,000 after buying an additional 578 shares in the last quarter. Intech Investment Management LLC boosted its position in Goosehead Insurance by 28.2% in the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company's stock valued at $1,320,000 after buying an additional 2,461 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Goosehead Insurance by 85.7% in the first 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 in the last quarter.

Wall Street Analysts Forecast Growth

GSHD has been the topic of several recent research reports. UBS Group lowered their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Piper Sandler reaffirmed a "neutral" rating and set a $109.00 target price (down from $122.00) on shares of Goosehead Insurance in a report on Thursday. BMO Capital Markets lowered 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. Keefe, Bruyette & Woods lowered 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $109.90.

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.