Goosehead Insurance (NASDAQ:GSHD - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Goosehead Insurance to post earnings of $0.22 per share for the quarter. Goosehead Insurance has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $63.01 million for the quarter, compared to analyst estimates of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. On average, analysts expect Goosehead Insurance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Goosehead Insurance Price Performance
Shares of NASDAQ:GSHD traded up $0.20 during midday trading on Thursday, hitting $56.70. 392,283 shares of the stock were exchanged, compared to its average volume of 281,430. The stock has a market cap of $2.15 billion, a P/E ratio of 99.47, a PEG ratio of 4.05 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. Goosehead Insurance has a twelve month low of $53.57 and a twelve month high of $92.76. The company has a 50 day moving average price of $72.48 and a 200-day moving average price of $73.00.
Analysts Set New Price Targets
Several research firms have recently issued reports on GSHD. BMO Capital Markets cut their price target on Goosehead Insurance from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, March 28th. Piper Sandler lifted their price target on Goosehead Insurance from $85.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. JMP Securities reaffirmed a "market outperform" rating and set a $100.00 price target on shares of Goosehead Insurance in a research note on Monday. TD Cowen initiated coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They set an "outperform" rating and a $105.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Goosehead Insurance from $61.00 to $62.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.88.
Read Our Latest Research Report on Goosehead Insurance
Insider Buying and Selling
In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of Goosehead Insurance stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $9,915,587.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of Goosehead Insurance stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $9,915,587.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The disclosure for this sale can be found here. In the last quarter, insiders purchased 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. 48.35% of the stock is currently owned by company insiders.
Institutional Trading of Goosehead Insurance
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Goosehead Insurance by 7.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,897,246 shares of the company's stock valued at $151,236,000 after purchasing an additional 212,130 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Goosehead Insurance by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company's stock valued at $179,589,000 after purchasing an additional 36,676 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Goosehead Insurance by 9.2% in the 2nd quarter. BlackRock Inc. now owns 1,569,036 shares of the company's stock valued at $98,677,000 after purchasing an additional 131,733 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Goosehead Insurance by 30.7% in the 1st quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company's stock valued at $117,605,000 after purchasing an additional 351,769 shares in the last quarter. Finally, Durable Capital Partners LP lifted its stake in shares of Goosehead Insurance by 24.4% in the 1st quarter. Durable Capital Partners LP now owns 932,444 shares of the company's stock valued at $73,262,000 after purchasing an additional 182,952 shares in the last quarter.
Goosehead Insurance Company Profile
(
Get Free Report)
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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