Goosehead Insurance, Inc Expected to Post Q2 2024 Earnings of $0.26 Per Share (NASDAQ:GSHD)

Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) - Research analysts at William Blair raised their Q2 2024 earnings estimates for Goosehead Insurance in a research note issued to investors on Monday, April 15th. William Blair analyst A. Klauber now forecasts that the company will post earnings per share of $0.26 for the quarter, up from their prior forecast of $0.25. The consensus estimate for Goosehead Insurance's current full-year earnings is $0.83 per share. William Blair also issued estimates for Goosehead Insurance's Q3 2024 earnings at $0.30 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.35 EPS.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The firm had revenue of $63.01 million during the quarter, compared to analysts' expectations of $68.18 million.

GSHD has been the topic of a number of other reports. Truist Financial lowered their price target on shares of Goosehead Insurance from $75.00 to $70.00 and set a "hold" rating on the stock in a report on Thursday, March 28th. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, March 28th. Piper Sandler increased their price target on shares of Goosehead Insurance from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. JMP Securities reissued a "market outperform" rating and issued a $100.00 price target on shares of Goosehead Insurance in a report on Monday. Finally, TD Cowen initiated coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $105.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $84.88.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock traded up $0.05 on Wednesday, reaching $56.50. The stock had a trading volume of 386,963 shares, compared to its average volume of 279,933. Goosehead Insurance has a 1 year low of $51.06 and a 1 year high of $92.76. The company has a market cap of $2.14 billion, a P/E ratio of 99.12, a price-to-earnings-growth ratio of 3.98 and a beta of 1.28. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. The business's 50 day moving average is $72.94 and its two-hundred day moving average is $73.11.

Insider Activity at Goosehead Insurance

In related news, major shareholder Desiree Coleman sold 2,324 shares of the firm's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a filing with the SEC, which is available through this link. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.67, for a total transaction of $297,685.78. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at $10,014,848.83. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. 38.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Harbor Investment Advisory LLC raised its stake in shares of Goosehead Insurance by 20.8% during the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company's stock worth $107,000 after acquiring an additional 277 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Goosehead Insurance by 13.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company's stock worth $106,000 after acquiring an additional 165 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Goosehead Insurance by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company's stock worth $179,589,000 after purchasing an additional 36,676 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Goosehead Insurance by 14.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company's stock worth $22,359,000 after purchasing an additional 37,805 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Goosehead Insurance by 8.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,375 shares of the company's stock worth $408,000 after purchasing an additional 440 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.