Goosehead Insurance (NASDAQ:GSHD) Stock Price Down 4.1%

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) shares dropped 4.1% on Thursday . The stock traded as low as $60.21 and last traded at $60.21. Approximately 175,182 shares changed hands during trading, a decline of 36% from the average daily volume of 272,125 shares. The stock had previously closed at $62.79.

Wall Street Analyst Weigh In

GSHD has been the subject of several research analyst reports. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, March 28th. Piper Sandler upped their price target on shares of Goosehead Insurance from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. TD Cowen began coverage on shares of Goosehead Insurance in a report on Wednesday, January 10th. They issued an "outperform" rating and a $105.00 price objective for the company. Finally, Truist Financial cut their price objective on shares of Goosehead Insurance from $75.00 to $70.00 and set a "hold" rating for the company in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.43.

Goosehead Insurance Stock Performance

The company has a market cap of $2.29 billion, a price-to-earnings ratio of 106.02, a P/E/G ratio of 5.01 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 stock's fifty day simple moving average is $76.55 and its 200 day simple moving average is $74.21.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 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 analysts' expectations of $68.18 million. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. As a group, analysts anticipate that Goosehead Insurance, Inc will post 0.81 earnings per share for the current year.

Insider Activity

In related news, COO Mark Miller bought 5,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $73.86 per share, for a total transaction of $369,300.00. Following the acquisition, the chief operating officer now owns 20,000 shares of the company's stock, valued at $1,477,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Mark Miller bought 5,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $73.86 per share, for a total transaction of $369,300.00. Following the acquisition, the chief operating officer now owns 20,000 shares of the company's stock, valued at $1,477,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders have bought 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Corporate insiders own 48.35% of the company's stock.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently modified their holdings of the business. USA Financial Formulas grew its stake in shares of Goosehead Insurance by 5,350.0% in the fourth quarter. USA Financial Formulas now owns 327 shares of the company's stock worth $25,000 after acquiring an additional 321 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance in the fourth quarter worth $35,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Goosehead Insurance in the third quarter worth $37,000. Group One Trading L.P. purchased a new stake in shares of Goosehead Insurance during the 1st quarter worth $59,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Goosehead Insurance during the 2nd quarter worth $52,000.

Goosehead Insurance Company Profile

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.