Goosehead Insurance (NASDAQ:GSHD) Receives $110.91 Average Price Target from Brokerages

Key Points

• Goosehead Insurance has received an average recommendation of "Hold" from analysts, with one sell rating, five hold ratings, four buy ratings, and one strong buy rating.
• The company's stock price target among analysts is approximately $110.91, with recent price target adjustments from BMO and UBS indicating a downward trend.
• Insiders have sold a total of 247,623 shares valued at over $21.8 million in the past three months, reflecting a significant shift in ownership.

Shares of Goosehead Insurance (NASDAQ:GSHD - Get Free Report) have been assigned a consensus rating of "Hold" from the twelve analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $110.9091.

Several analysts have weighed in on the stock. Zacks Research upgraded shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday. UBS Group reduced their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, July 28th. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a "strong-buy" rating in a research report on Wednesday, August 13th. BMO Capital Markets dropped their price target on shares of 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. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th.

Goosehead Insurance Stock Performance

Shares of GSHD traded down $1.73 during midday trading on Tuesday, reaching $84.71. The stock had a trading volume of 246,198 shares, compared to its average volume of 299,125. The firm has a 50 day simple moving average of $93.96 and a 200-day simple moving average of $104.62. Goosehead Insurance has a one year low of $79.69 and a one year high of $130.39. The firm has a market cap of $3.18 billion, a PE ratio of 74.97, a P/E/G ratio of 7.40 and a beta of 1.31. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The firm had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The business's revenue was up 20.4% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark E. Jr. Jones purchased 1,149 shares of the stock in a transaction dated Tuesday, July 29th. The stock was purchased at an average cost of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the acquisition, the chief financial officer owned 3,491 shares of the company's stock, valued at approximately $300,505.28. This represents a 49.06% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 244,770 shares of company stock worth $21,568,721. 48.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caxton Associates LLP purchased a new position in shares of Goosehead Insurance during the second quarter worth approximately $2,140,000. Public Sector Pension Investment Board boosted its stake in shares of Goosehead Insurance by 10.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 85,443 shares of the company's stock valued at $9,015,000 after purchasing an additional 8,109 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Goosehead Insurance by 5.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 26,643 shares of the company's stock valued at $2,812,000 after buying an additional 1,450 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Goosehead Insurance by 114.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,054 shares of the company's stock valued at $217,000 after buying an additional 1,097 shares in the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. boosted its holdings in shares of Goosehead Insurance by 18.4% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 64,396 shares of the company's stock valued at $6,794,000 after buying an additional 10,000 shares in 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.