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

Key Points

• Analysts have a consensus “Hold” rating on Goosehead Insurance, with seven buy, five hold, and two sell recommendations. The average 12-month price target is $68.45.
• Goosehead reported quarterly EPS of $0.64, exceeding estimates of $0.47, while revenue rose 20.6% year over year to $95.63 million but fell short of the $103.30 million consensus.
• The stock opened at $64.55, well above its 50-day and 200-day moving averages, while recent insider activity was mixed: insiders bought about $11.8 million of shares and sold roughly $26.2 million over the past 90 days.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) has earned a consensus recommendation of "Hold" from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $68.4545.

A number of brokerages have weighed in on GSHD. Piper Sandler increased their price target on Goosehead Insurance from $52.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Cantor Fitzgerald reissued an "overweight" rating and issued a $76.00 price objective on shares of Goosehead Insurance in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods cut their target price on Goosehead Insurance from $80.00 to $72.00 and set an "outperform" rating on the stock in a research report on Thursday, July 23rd. Citizens Jmp decreased their target price on Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating for the company in a research note on Monday, April 13th. Finally, Royal Bank Of Canada lifted their target price on Goosehead Insurance from $55.00 to $58.00 and gave the stock a "sector perform" rating in a report on Thursday, July 23rd.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $64.55 on Tuesday. The company's 50 day moving average price is $50.32 and its 200-day moving average price is $48.42. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $90.79. The company has a market capitalization of $2.29 billion, a P/E ratio of 47.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.17. The business had revenue of $95.63 million during the quarter, compared to the consensus estimate of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. Goosehead Insurance's quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. Analysts forecast that Goosehead Insurance will post 1.45 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Adrienne Kebodeaux sold 5,000 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $65.20, for a total transaction of $326,000.00. Following the transaction, the insider owned 280,027 shares in the company, valued at $18,257,760.40. The trade was a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Durable Capital Partners Lp bought 36,256 shares of the business's stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $61.92 per share, for a total transaction of $2,244,971.52. Following the completion of the purchase, the insider owned 2,570,260 shares of the company's stock, valued at $159,150,499.20. This represents a 1.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 202,779 shares of company stock worth $11,829,350 and have sold 468,616 shares worth $26,163,838. 38.07% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Durable Capital Partners LP increased its position in Goosehead Insurance by 126.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company's stock valued at $114,769,000 after buying an additional 861,374 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Goosehead Insurance by 32.3% in the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company's stock worth $97,786,000 after acquiring an additional 559,087 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Goosehead Insurance by 38.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company's stock worth $147,448,000 after acquiring an additional 556,293 shares in the last quarter. Langdon Equity Partners acquired a new stake in Goosehead Insurance in the fourth quarter valued at approximately $41,892,000. Finally, Janus Henderson Group PLC grew its stake in Goosehead Insurance by 3,485.1% in the first quarter. Janus Henderson Group PLC now owns 386,906 shares of the company's stock valued at $16,506,000 after acquiring an additional 376,114 shares during the period.

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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