Short Interest in Goosehead Insurance, Inc (NASDAQ:GSHD) Grows By 26.1%

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 2,610,000 shares, an increase of 26.1% from the March 31st total of 2,070,000 shares. Based on an average trading volume of 301,800 shares, the short-interest ratio is presently 8.6 days. Currently, 11.5% of the company's stock are sold short.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, March 28th. Piper Sandler decreased their price target on shares of Goosehead Insurance from $88.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday. JMP Securities reissued a "market outperform" rating and set a $100.00 target price on shares of Goosehead Insurance in a research note on Monday, April 15th. Royal Bank of Canada reduced their target price on shares of Goosehead Insurance from $88.00 to $80.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, TD Cowen initiated coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They set an "outperform" rating and a $105.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.89.

Insiders Place Their Bets

In related news, CFO Mark E. Jr. Jones acquired 1,332 shares of the firm's stock in a transaction on Monday, February 26th. The stock was bought at an average cost of $74.86 per share, with a total value of $99,713.52. Following the acquisition, the chief financial officer now directly owns 1,332 shares in the company, valued at $99,713.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Goosehead Insurance news, COO Mark Miller purchased 5,000 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $73.86 per share, with a total value of $369,300.00. Following the acquisition, the chief operating officer now owns 20,000 shares of the company's stock, valued at approximately $1,477,200. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark E. Jr. Jones purchased 1,332 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $74.86 per share, with a total value of $99,713.52. Following the completion of the acquisition, the chief financial officer now directly owns 1,332 shares in the company, valued at approximately $99,713.52. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. 48.35% of the stock is owned by company insiders.

Institutional Trading of Goosehead Insurance

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Goosehead Insurance by 1.6% during the fourth 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 during the last quarter. Wasatch Advisors LP lifted its stake in Goosehead Insurance by 17.2% during the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company's stock valued at $140,025,000 after purchasing an additional 308,312 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in Goosehead Insurance during the third quarter valued at approximately $23,614,000. Dimensional Fund Advisors LP lifted its stake in Goosehead Insurance by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company's stock valued at $23,354,000 after purchasing an additional 30,626 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Goosehead Insurance by 14.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company's stock valued at $22,359,000 after purchasing an additional 37,805 shares during the last quarter.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD traded up $2.34 during trading on Friday, reaching $55.50. The company had a trading volume of 788,743 shares, compared to its average volume of 351,810. The firm's fifty day moving average is $68.89 and its 200 day moving average is $72.42. The firm has a market capitalization of $2.11 billion, a PE ratio of 89.52, a price-to-earnings-growth ratio of 3.99 and a beta of 1.28. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $92.76. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.82 and a current ratio of 1.73.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. The company had revenue of $64.46 million during the quarter, compared to analyst estimates of $66.24 million. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. On average, equities analysts forecast that Goosehead Insurance will post 0.9 EPS for the current year.

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.