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

Key Points

• Goosehead Insurance (NASDAQ:GSHD) has received an average consensus recommendation of "Hold" from fourteen brokerages, with ratings ranging from sell to strong buy.
• The stock's average 12-month target price is set at $105.09, while it recently opened at $68.96, indicating a significant gap from the average target.
• Goosehead reported quarterly earnings of $0.49 per share, missing analyst expectations, and had a revenue of $94.03 million, up 20.4% year-over-year.

Shares of Goosehead Insurance (NASDAQ:GSHD - Get Free Report) have earned an average rating of "Hold" from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $105.0909.

A number of equities analysts have commented on GSHD shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Goosehead Insurance in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. UBS Group lowered their price objective on shares of Goosehead Insurance from $136.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. JMP Securities reduced their price target on Goosehead Insurance from $150.00 to $140.00 and set a "market outperform" rating on the stock in a report on Tuesday. Finally, Zacks Research downgraded Goosehead Insurance from a "hold" rating to a "strong sell" rating in a report on Friday, October 10th.

Goosehead Insurance Stock Up 3.1%

GSHD opened at $68.96 on Wednesday. The business's fifty day simple moving average is $80.21 and its 200 day simple moving average is $95.40. Goosehead Insurance has a 52 week low of $66.07 and a 52 week high of $130.39. The stock has a market cap of $2.59 billion, a PE ratio of 61.03, a P/E/G ratio of 5.86 and a beta of 1.27.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $94.18 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business's quarterly revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Activity

In other Goosehead Insurance news, CFO Mark E. Jr. Jones purchased 1,149 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average cost of $86.08 per share, for a total transaction of $98,905.92. Following the purchase, the chief financial officer directly owned 3,491 shares in the company, valued at $300,505.28. The trade was a 49.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $258,900.00. The disclosure for this sale can be found here. Insiders sold a total of 244,770 shares of company stock worth $21,568,721 in the last quarter. 37.76% of the stock is owned by company insiders.

Institutional Trading of Goosehead Insurance

Several hedge funds and other institutional investors have recently made changes to their positions in GSHD. Caxton Associates LLP bought a new stake in Goosehead Insurance in the second quarter worth $2,140,000. Public Sector Pension Investment Board grew its holdings in shares of Goosehead Insurance by 10.5% during the second quarter. Public Sector Pension Investment Board now owns 85,443 shares of the company's stock valued at $9,015,000 after buying an additional 8,109 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Goosehead Insurance by 5.8% during the second 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 during the last quarter. Tower Research Capital LLC TRC lifted its position in Goosehead Insurance by 114.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,054 shares of the company's stock valued at $217,000 after acquiring an additional 1,097 shares in the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. boosted its stake in 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 purchasing an additional 10,000 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.

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