Goosehead Insurance (NASDAQ:GSHD) Short Interest Update

Key Points

• Short interest fell 18.7% in March, dropping to 2,130,640 shares as of March 31 (about 11.3% of the stock) with a days-to-cover ratio of 4.3.
• Wall Street consensus is a "Hold" with an average price target of $67.45, and several firms have recently cut targets (e.g., BofA to $37, BMO to $55) amid mixed analyst views.
• Quarterly results were mixed: Goosehead beat on EPS ($0.64 vs. $0.54 est.) but missed revenue ($78.2M vs. $99.67M est.), while reporting a negative return on equity of 21.31% and 12.1% revenue growth year‑over‑year.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 2,130,640 shares, a drop of 18.7% from the March 15th total of 2,619,898 shares. Based on an average daily volume of 494,513 shares, the days-to-cover ratio is presently 4.3 days. Currently, 11.3% of the company's stock are sold short.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GSHD. Bank of America reduced their target price on Goosehead Insurance from $43.00 to $37.00 and set an "underperform" rating on the stock in a research report on Tuesday. BMO Capital Markets reduced their target price on Goosehead Insurance from $79.00 to $55.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 18th. Wall Street Zen upgraded Goosehead Insurance from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Citizens Jmp dropped their price target on Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods dropped their price target on Goosehead Insurance from $85.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 7th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $67.45.

Goosehead Insurance Price Performance

Goosehead Insurance stock traded up $2.05 during trading hours on Thursday, hitting $43.25. 454,871 shares of the stock traded hands, compared to its average volume of 433,503. The firm's 50 day moving average price is $46.52 and its 200-day moving average price is $62.30. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 41.59, a P/E/G ratio of 3.00 and a beta of 1.69. Goosehead Insurance has a 1 year low of $39.64 and a 1 year high of $114.76.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.10. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The firm had revenue of $78.20 million for the quarter, compared to the consensus estimate of $99.67 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company's revenue was up 12.1% compared to the same quarter last year. Research analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Louis Goldberg acquired 5,575 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $44.85 per share, with a total value of $250,038.75. Following the completion of the transaction, the director directly owned 5,575 shares in the company, valued at $250,038.75. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 38.07% of the stock is currently owned by insiders.

Institutional Trading of Goosehead Insurance

A number of hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC purchased a new stake in shares of Goosehead Insurance in the fourth quarter worth about $686,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 buying an additional 556,293 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Goosehead Insurance by 21.4% in the fourth quarter. Voloridge Investment Management LLC now owns 40,304 shares of the company's stock worth $2,968,000 after buying an additional 7,100 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Goosehead Insurance in the fourth quarter worth about $4,409,000. Finally, Odyssean LLC purchased a new stake in shares of Goosehead Insurance in the fourth quarter worth about $728,000.

About Goosehead Insurance

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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