Goosehead Insurance (NASDAQ:GSHD) Hits New 1-Year Low – Time to Sell?

Goosehead Insurance (NASDAQ:GSHD)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $39.53 and last traded at $40.18, with a volume of 20959 shares changing hands. The stock had previously closed at $40.16.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GSHD. UBS Group boosted their price target on shares of Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods lifted their target price on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings lowered shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Truist Financial cut their price target on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Finally, Royal Bank Of Canada increased their price target on Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.45.

Goosehead Insurance Trading Up 1.3%

The firm’s 50-day moving average price is $44.13 and its 200 day moving average price is $59.19. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 1.46 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the previous year, the company earned $0.26 EPS. Goosehead Insurance’s quarterly revenue was up 23.1% compared to the same quarter last year. Analysts forecast that Goosehead Insurance will post 1.4 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 5,307 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $48.07, for a total value of $255,107.49. Following the completion of the sale, the insider directly owned 7,214,193 shares in the company, valued at $346,786,257.51. This trade represents a 0.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Louis Goldberg bought 5,575 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $44.85 per share, with a total value of $250,038.75. Following the completion of the transaction, the director directly owned 5,575 shares in the company, valued at $250,038.75. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 10,576 shares of company stock worth $494,568 in the last three months. Insiders own 38.07% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the period. Kestra Advisory Services LLC acquired a new position in Goosehead Insurance during the fourth quarter worth $41,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after buying an additional 393 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after buying an additional 284 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Goosehead Insurance by 614.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after buying an additional 860 shares during the last quarter.

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.