Goosehead Insurance (NASDAQ:GSHD) Reaches New 52-Week Low - What's Next?

Key Points

• Goosehead Insurance shares hit a new 52-week low of $78.50, reflecting a notable decline from its previous closing price of $80.67.
• Several analysts have made adjustments to their ratings and price targets for GSHD, with a consensus rating of "Hold" and an average target price of $109.36.
• In the latest earnings report, Goosehead Insurance reported $0.49 earnings per share, missing estimates by $0.04, while revenue showed a year-over-year increase of 20.4%.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $78.50 and last traded at $79.63, with a volume of 327867 shares changing hands. The stock had previously closed at $80.67.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GSHD. UBS Group decreased their price target on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Piper Sandler reduced their price objective on shares of Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 2nd. Keefe, Bruyette & Woods reduced their price objective 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. Finally, Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and an average target price of $109.36.

Goosehead Insurance Trading Down 1.3%

The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 2.10. The business's fifty day moving average is $89.20 and its 200 day moving average is $101.73. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 70.47, a price-to-earnings-growth ratio of 6.90 and a beta of 1.34.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $94.18 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The firm's quarterly revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. Equities analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of Goosehead Insurance 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 available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $87.01, for a total transaction of $52,206.00. Following the completion of the transaction, the insider directly owned 132,349 shares of the company's stock, valued at approximately $11,515,686.49. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 244,770 shares of company stock worth $21,568,721 over the last quarter. Company insiders own 48.35% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GSHD. Bessemer Group Inc. grew its position in shares of Goosehead Insurance by 192.9% in the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after acquiring an additional 191 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock worth $34,000 after buying an additional 269 shares during the period. TCTC Holdings LLC boosted its holdings in shares of Goosehead Insurance by 117.1% during the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after buying an additional 178 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock valued at $47,000 after purchasing an additional 393 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Goosehead Insurance by 1,251.6% during the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after acquiring 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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