Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $74.00.

A number of brokerages have issued reports on GSHD. JMP Securities restated a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a research note on Monday, April 15th. Truist Financial reduced their target price on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reduced their price objective on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, TD Cowen cut their price target on shares of Goosehead Insurance from $105.00 to $98.00 and set a “buy” rating on the stock in a report on Friday, May 24th.

Insider Activity at Goosehead Insurance

In other news, COO Mark Miller acquired 10,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was bought at an average price of $58.06 per share, with a total value of $580,600.00. Following the completion of the acquisition, the chief operating officer now owns 30,000 shares of the company’s stock, valued at $1,741,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 38.03% of the company’s stock.

Institutional Trading of Goosehead Insurance

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Goosehead Insurance by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after acquiring an additional 46,861 shares during the period. Wasatch Advisors LP grew its position in shares of Goosehead Insurance by 17.2% in 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 period. Motley Fool Asset Management LLC raised its position in shares of Goosehead Insurance by 407.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after purchasing an additional 428,355 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Goosehead Insurance by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock valued at $23,354,000 after buying an additional 30,626 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Goosehead Insurance by 14.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company’s stock worth $22,359,000 after buying an additional 37,805 shares during the last quarter.

Goosehead Insurance Stock Down 1.1 %

Goosehead Insurance stock opened at $56.83 on Thursday. The business has a fifty day moving average price of $59.90 and a 200-day moving average price of $68.62. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $92.76. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 91.66, a PEG ratio of 3.74 and a beta of 1.36. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.73 and a quick ratio of 1.73.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The business had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. Equities research analysts forecast that Goosehead Insurance will post 0.7 EPS for the current fiscal 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.