Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) has earned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $62.20.
GSHD has been the subject of several research reports. JMP Securities decreased their price objective on shares of Goosehead Insurance from $120.00 to $100.00 and set a "market outperform" rating for the company in a report on Tuesday, October 18th. Truist Financial decreased their price objective on shares of Goosehead Insurance from $55.00 to $40.00 in a report on Thursday, October 27th. Royal Bank of Canada decreased their price objective on shares of Goosehead Insurance from $100.00 to $75.00 in a report on Thursday, October 27th. Finally, BMO Capital Markets initiated coverage on shares of Goosehead Insurance in a report on Thursday, January 19th. They set a "market perform" rating and a $39.00 price objective for the company.
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Insider Buying and Selling at Goosehead Insurance
In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 35,801 shares of the company's stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $41.08, for a total transaction of $1,470,705.08. Following the completion of the sale, the insider now directly owns 132,349 shares of the company's stock, valued at $5,436,896.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 35,801 shares of the company's stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $41.08, for a total transaction of $1,470,705.08. Following the completion of the sale, the insider now directly owns 132,349 shares of the company's stock, valued at $5,436,896.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark E. Jr. Jones sold 13,931 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $40.71, for a total transaction of $567,131.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,540 shares of company stock valued at $7,841,621. Insiders own 48.35% of the company's stock.
Institutional Trading of Goosehead Insurance
Hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management increased its stake in shares of Goosehead Insurance by 178.3% in the third quarter. Spire Wealth Management now owns 704 shares of the company's stock worth $25,000 after purchasing an additional 451 shares in the last quarter. Group One Trading L.P. purchased a new stake in shares of Goosehead Insurance in the first quarter worth $59,000. Harbor Investment Advisory LLC increased its stake in shares of Goosehead Insurance by 118.3% in the third quarter. Harbor Investment Advisory LLC now owns 976 shares of the company's stock worth $35,000 after purchasing an additional 529 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Goosehead Insurance during the second quarter worth $65,000. Finally, Castle Wealth Management LLC bought a new position in shares of Goosehead Insurance during the second quarter worth $68,000. 99.96% of the stock is owned by hedge funds and other institutional investors.
Goosehead Insurance Stock Performance
Shares of NASDAQ GSHD opened at $38.36 on Thursday. The firm's 50 day moving average price is $38.06 and its 200-day moving average price is $43.56. The company has a market cap of $1.43 billion, a PE ratio of 3,839.84, a P/E/G ratio of 4.94 and a beta of 1.22. Goosehead Insurance has a 52-week low of $29.23 and a 52-week high of $102.06.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last issued its earnings results on Wednesday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $57.69 million for the quarter, compared to the consensus estimate of $54.02 million. Goosehead Insurance had a net margin of 0.18% and a negative return on equity of 0.56%. On average, analysts forecast that Goosehead Insurance will post -0.01 earnings per share for the current fiscal year.
About Goosehead Insurance
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Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.
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