Goosehead Insurance (NASDAQ:GSHD) Raised to "Hold" at Zacks Research

Key Points

• Goosehead Insurance has been upgraded from a "strong sell" to a "hold" rating by Zacks Research as of Monday.
• Current analysts' consensus rating for Goosehead Insurance is "Hold" with an average target price of $110.91.
• The company recently reported $0.49 earnings per share for the latest quarter, missing estimates by $0.04, despite a 20.4% year-over-year revenue increase.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

Several other research firms also recently issued reports on GSHD. Piper Sandler restated a "neutral" rating and set a $109.00 price objective (down previously from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. BMO Capital Markets lowered their price objective on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, July 25th. UBS Group lowered their price objective on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Monday, July 28th. Keefe, Bruyette & Woods decreased their target price on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Finally, Cantor Fitzgerald upgraded Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Goosehead Insurance presently has an average rating of "Hold" and a consensus target price of $110.91.

Goosehead Insurance Stock Down 0.0%

NASDAQ:GSHD opened at $86.61 on Monday. Goosehead Insurance has a 1-year low of $79.69 and a 1-year high of $130.39. The company has a 50-day moving average of $94.44 and a 200 day moving average of $104.92. The firm has a market cap of $3.25 billion, a PE ratio of 76.65, a price-to-earnings-growth ratio of 7.41 and a beta of 1.31. 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 (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The business had revenue of $94.03 million during the quarter, compared to analysts' expectations of $94.18 million. During the same period last year, the company earned $0.43 earnings per share. The firm's revenue was up 20.4% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Activity at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total transaction of $258,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark E. Jr. Jones purchased 1,149 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were bought at an average price of $86.08 per share, with a total value of $98,905.92. Following the purchase, the chief financial officer directly owned 3,491 shares of the company's stock, valued at approximately $300,505.28. The trade was a 49.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 244,770 shares of company stock valued at $21,568,721 over the last three months. 37.76% of the stock is owned by corporate insiders.

Institutional Trading of Goosehead Insurance

Several large investors have recently bought and sold shares of GSHD. Raymond James Financial Inc. acquired a new stake in shares of Goosehead Insurance during the fourth quarter valued at $491,000. First Trust Advisors LP acquired a new stake in shares of Goosehead Insurance during the fourth quarter valued at $5,264,000. MetLife Investment Management LLC boosted its stake in shares of Goosehead Insurance by 7.2% during the fourth quarter. MetLife Investment Management LLC now owns 13,584 shares of the company's stock valued at $1,456,000 after acquiring an additional 914 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Goosehead Insurance by 91.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,228 shares of the company's stock valued at $239,000 after acquiring an additional 1,063 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Goosehead Insurance by 27.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,355 shares of the company's stock valued at $1,004,000 after acquiring an additional 2,025 shares during the last quarter.

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.

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