Goosehead Insurance (NASDAQ:GSHD) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Goosehead Insurance received a consensus “Hold” rating from 14 analysts, with 7 buy ratings, 5 holds, and 2 sells; the average 1-year price target is about $66.73.
• The stock fell 5.8% and was trading at $37.68, near its 12-month low of $35.83 and well below its 12-month high of $113.00.
• In its latest quarterly results, Goosehead posted EPS of $0.37, beating estimates, but revenue of $79.48 million came in below expectations even though it rose 23.1% year over year.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) has been given a consensus rating of "Hold" by the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $66.7273.

A number of analysts have recently issued reports on GSHD shares. Royal Bank Of Canada raised their price target on shares of Goosehead Insurance from $49.00 to $52.00 and gave the stock a "sector perform" rating in a report on Thursday, April 23rd. BMO Capital Markets cut their price target on shares of Goosehead Insurance from $79.00 to $55.00 and set a "market perform" rating for the company in a report on Wednesday, February 18th. Truist Financial cut their price target on shares of Goosehead Insurance from $72.00 to $58.00 and set a "hold" rating for the company in a report on Wednesday, February 18th. Citigroup restated an "outperform" rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd.

Insider Buying and Selling

In related news, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total value of $390,806.88. Following the completion of the sale, the insider owned 6,995,180 shares in the company, valued at approximately $285,123,536.80. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Martin Ellis Thornthwaite bought 5,000 shares of the company's stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of $41.50 per share, with a total value of $207,500.00. Following the acquisition, the general counsel directly owned 5,000 shares in the company, valued at $207,500. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 219,192 shares of company stock valued at $9,092,267 in the last 90 days. Insiders own 38.07% of the company's stock.

Institutional Trading of Goosehead Insurance

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Goosehead Insurance by 480.4% in the 2nd 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 last quarter. Northwestern Mutual Wealth Management Co. increased 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 last quarter. Kestra Advisory Services LLC acquired a new stake in Goosehead Insurance in the 4th quarter valued at approximately $41,000. Fifth Third Bancorp increased its holdings in Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company's stock valued at $51,000 after purchasing an additional 284 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Goosehead Insurance by 614.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock valued at $74,000 after purchasing an additional 860 shares during the last quarter.

Goosehead Insurance Trading Down 5.8%

GSHD stock opened at $37.68 on Thursday. The firm has a 50-day moving average of $42.68 and a two-hundred day moving average of $57.13. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 1.38 and a beta of 1.62. Goosehead Insurance has a 12 month low of $35.83 and a 12 month high of $113.00.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.17. The business had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The business's revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. As a group, equities analysts forecast that Goosehead Insurance will post 1.49 earnings per share for the current year.

Goosehead Insurance Company Profile

Goosehead Insurance NASDAQ: GSHD is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.

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