Goosehead Insurance (NASDAQ:GSHD) Trading Down 7.4%

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) traded down 7.4% on Wednesday . The stock traded as low as $56.10 and last traded at $56.14. 200,523 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 273,758 shares. The stock had previously closed at $60.61.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Piper Sandler upped their target price on Goosehead Insurance from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. Truist Financial lowered their target price on Goosehead Insurance from $75.00 to $70.00 and set a "hold" rating for the company in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $61.00 to $62.00 and gave the stock a "neutral" rating in a report on Monday. BMO Capital Markets lowered their target price on Goosehead Insurance from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, March 28th. Finally, TD Cowen assumed coverage on Goosehead Insurance in a report on Wednesday, January 10th. They issued an "outperform" rating and a $105.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $82.71.

Goosehead Insurance Stock Down 2.9 %

The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market capitalization of $2.23 billion, a PE ratio of 103.28, a PEG ratio of 4.57 and a beta of 1.28. The business has a 50 day moving average of $75.05 and a two-hundred day moving average of $73.75.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The company had revenue of $63.01 million for the quarter, compared to analysts' expectations of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. Analysts predict that Goosehead Insurance, Inc will post 0.81 EPS for the current year.

Insider Buying and Selling

In other Goosehead Insurance news, General Counsel John Terry O'connor bought 1,000 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $73.46 per share, with a total value of $73,460.00. Following the transaction, the general counsel now directly owns 1,000 shares of the company's stock, valued at approximately $73,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the transaction, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $9,915,587.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel John Terry O'connor bought 1,000 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $73.46 per share, for a total transaction of $73,460.00. Following the completion of the transaction, the general counsel now directly owns 1,000 shares in the company, valued at $73,460. The disclosure for this purchase can be found here. In the last three months, insiders purchased 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. 38.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas increased its holdings 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 valued at $25,000 after purchasing an additional 321 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Goosehead Insurance in the fourth quarter valued at about $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance in the fourth quarter valued at about $35,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Goosehead Insurance in the third quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Goosehead Insurance by 21.8% in the second quarter. Tower Research Capital LLC TRC now owns 928 shares of the company's stock valued at $58,000 after purchasing an additional 166 shares during the period.

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.