Goosehead Insurance (NASDAQ:GSHD) Sets New 1-Year Low - Here's Why

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)'s stock price reached a new 52-week low 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.

Wall Street Analyst Weigh In

Several analysts have weighed in on GSHD shares. UBS Group lowered their price target on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, July 28th. BMO Capital Markets reduced 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. Zacks Research upgraded Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Keefe, Bruyette & Woods reduced their price objective 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, Piper Sandler reduced their price objective on Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Goosehead Insurance has a consensus rating of "Hold" and a consensus price target of $109.36.

Goosehead Insurance Trading Down 3.0%

The stock has a market capitalization of $2.93 billion, a P/E ratio of 69.00, a price-to-earnings-growth ratio of 6.88 and a beta of 1.34. The stock has a 50-day moving average price of $87.68 and a two-hundred day moving average price of $100.85. 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 issued 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). The business had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.Goosehead Insurance's quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $87.01, for a total value of $52,206.00. Following the completion of the transaction, the insider owned 132,349 shares in the company, valued at $11,515,686.49. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 244,770 shares of company stock worth $21,568,721. Corporate insiders own 48.35% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Deutsche Bank AG raised its stake in Goosehead Insurance by 48.1% during the fourth quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock valued at $2,250,000 after buying an additional 6,813 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Goosehead Insurance by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,791 shares of the company's stock valued at $1,371,000 after buying an additional 479 shares during the last quarter. Millennium Management LLC raised its stake in Goosehead Insurance by 45.8% during the fourth quarter. Millennium Management LLC now owns 105,074 shares of the company's stock valued at $11,266,000 after buying an additional 32,998 shares during the last quarter. Man Group plc purchased a new position in Goosehead Insurance during the fourth quarter valued at $510,000. Finally, ProShare Advisors LLC raised its stake in Goosehead Insurance by 44.2% during the fourth quarter. ProShare Advisors LLC now owns 6,812 shares of the company's stock valued at $730,000 after buying an additional 2,088 shares during the last quarter.

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.