Goosehead Insurance (NASDAQ:GSHD) Given Consensus Recommendation of “Hold” by Analysts

Shares of Goosehead Insurance (NASDAQ:GSHD) have received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $68.7273.

GSHD has been the topic of a number of research reports. Piper Sandler boosted their price objective on Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday. Cantor Fitzgerald increased their target price on Goosehead Insurance from $67.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings raised Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Royal Bank Of Canada boosted their price target on Goosehead Insurance from $52.00 to $55.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, UBS Group upped their price objective on Goosehead Insurance from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, CFO John Arthur Martin purchased 5,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of $34.73 per share, for a total transaction of $173,650.00. Following the transaction, the chief financial officer owned 5,000 shares in the company, valued at $173,650. The trade was a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88. Following the transaction, the insider directly owned 6,995,180 shares of the company’s stock, valued at $285,123,536.80. The trade was a 0.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 12,800 shares of company stock valued at $480,718 and have sold 219,192 shares valued at $9,092,267. Company insiders own 38.07% of the company’s stock.

Institutional Trading of Goosehead Insurance

Several institutional investors have recently modified their holdings of the business. Wasatch Advisors LP increased its holdings in Goosehead Insurance by 32.3% in the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock valued at $97,786,000 after purchasing an additional 559,087 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Goosehead Insurance by 38.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after buying an additional 556,293 shares during the last quarter. Durable Capital Partners LP grew its position in shares of Goosehead Insurance by 126.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after buying an additional 861,374 shares during the last quarter. DF Dent & Co. Inc. grew its position in shares of Goosehead Insurance by 3.2% in the 4th quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock valued at $76,939,000 after buying an additional 32,246 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Goosehead Insurance by 1.4% in the second quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after buying an additional 14,311 shares during the period.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $55.17 on Friday. The company’s 50 day moving average price is $42.56 and its two-hundred day moving average price is $49.72. The firm has a market capitalization of $1.96 billion, a P/E ratio of 48.40, a P/E/G ratio of 1.83 and a beta of 1.41. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $104.00.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. During the same period in the prior year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts expect that Goosehead Insurance will post 1.45 earnings per share for the current year.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.