Goosehead Insurance (NASDAQ:GSHD) Reaches New 52-Week Low – What’s Next?

Goosehead Insurance (NASDAQ:GSHD) shares reached a new 52-week low during trading on Monday . The stock traded as low as $40.01 and last traded at $41.9250, with a volume of 3155 shares trading hands. The stock had previously closed at $42.08.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citizens Jmp dropped their price objective on shares of Goosehead Insurance from $140.00 to $125.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 18th. JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Cantor Fitzgerald set a $84.00 price target on shares of Goosehead Insurance in a research report on Monday, February 23rd. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. Finally, UBS Group decreased their price target on shares of Goosehead Insurance from $121.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.60.

Goosehead Insurance Trading Up 0.9%

The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 41.02, a price-to-earnings-growth ratio of 3.02 and a beta of 1.57. The firm has a 50 day moving average price of $51.81 and a two-hundred day moving average price of $65.09.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The firm had revenue of $78.20 million during the quarter, compared to the consensus estimate of $99.67 million. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. As a group, research analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Activity

In other Goosehead Insurance news, Director Louis Goldberg bought 5,575 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $44.85 per share, with a total value of $250,038.75. Following the purchase, the director owned 5,575 shares in the company, valued at approximately $250,038.75. The trade was a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 37.76% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

Several large investors have recently added to or reduced their stakes in GSHD. Durable Capital Partners LP raised its position in Goosehead Insurance by 126.5% in the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after purchasing an additional 861,374 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Goosehead Insurance by 38.5% in the fourth 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 in the last quarter. Langdon Equity Partners acquired a new stake in shares of Goosehead Insurance in the fourth quarter valued at about $41,892,000. Whitebark Investors LP purchased a new stake in shares of Goosehead Insurance during the 3rd quarter valued at about $25,229,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Goosehead Insurance during the 3rd quarter valued at about $25,222,000.

About Goosehead Insurance

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.