Goosehead Insurance (NASDAQ:GSHD) Reaches New 1-Year Low - Time to Sell?

Key Points

• Goosehead Insurance's stock reached a new 52-week low at $79.62, amid trading volume of 40,113 shares.
• Analyst ratings are mixed, with one "Strong Buy," four "Buy," six "Hold," and one "Sell," while the average target price is $109.36.
• The company reported a quarterly EPS of $0.49, missing estimates, with revenue increasing by 20.4% year-over-year but still falling short of expectations.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $79.62 and last traded at $79.94, with a volume of 40113 shares changing hands. The stock had previously closed at $80.62.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GSHD shares. Piper Sandler lowered their target price on Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 2nd. Cantor Fitzgerald upgraded Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. UBS Group cut their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Monday, July 28th. Zacks Research upgraded shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Goosehead Insurance presently has an average rating of "Hold" and an average price target of $109.36.

Goosehead Insurance Price Performance

The stock has a market capitalization of $2.98 billion, a PE ratio of 70.27, a price-to-earnings-growth ratio of 7.22 and a beta of 1.34. The business's 50-day moving average price is $91.03 and its 200 day moving average price is $102.93. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $94.03 million for the quarter, compared to the consensus estimate of $94.18 million. During the same period in the prior year, the business posted $0.43 EPS. Goosehead Insurance's quarterly revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. Research analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total value of $258,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $87.01, for a total value of $52,206.00. Following the transaction, the insider directly owned 132,349 shares in the company, valued at approximately $11,515,686.49. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 244,770 shares of company stock valued at $21,568,721 over the last ninety days. 37.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. grew its position in Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after acquiring an additional 191 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Goosehead Insurance by 480.4% during the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock valued at $34,000 after purchasing an additional 269 shares during the period. TCTC Holdings LLC grew its holdings in shares of Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after purchasing an additional 178 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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. Finally, Larson Financial Group LLC increased its stake in shares of Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after buying an additional 388 shares during the period.

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.

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