Equitable Trust Co. purchased a new stake in Goosehead Insurance Inc (NASDAQ:GSHD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,725 shares of the company’s stock, valued at approximately $321,000.
Several other large investors have also added to or reduced their stakes in GSHD. First Mercantile Trust Co. purchased a new stake in shares of Goosehead Insurance in the 2nd quarter valued at about $33,000. Bank of Montreal Can purchased a new stake in shares of Goosehead Insurance in the 2nd quarter valued at about $45,000. US Bancorp DE purchased a new stake in shares of Goosehead Insurance in the 2nd quarter valued at about $46,000. FNY Investment Advisers LLC purchased a new stake in shares of Goosehead Insurance in the 2nd quarter valued at about $57,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Goosehead Insurance by 487.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock valued at $57,000 after acquiring an additional 1,685 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have weighed in on the company. Bank of America reaffirmed a “buy” rating and issued a $55.00 price target (up previously from $37.00) on shares of Goosehead Insurance in a report on Tuesday, July 2nd. JPMorgan Chase & Co. set a $60.00 price target on Goosehead Insurance and gave the company a “buy” rating in a report on Wednesday, September 18th. ValuEngine cut Goosehead Insurance from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised Goosehead Insurance from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.00.
GSHD traded down $0.40 on Thursday, hitting $48.00. 1,891 shares of the company were exchanged, compared to its average volume of 171,120. The firm has a fifty day simple moving average of $45.76 and a two-hundred day simple moving average of $38.81. Goosehead Insurance Inc has a 12 month low of $20.49 and a 12 month high of $51.47. The stock has a market capitalization of $745.23 million, a PE ratio of 240.00, a price-to-earnings-growth ratio of 2.90 and a beta of 0.35.
Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Goosehead Insurance had a negative return on equity of 14.52% and a net margin of 5.06%. The company had revenue of $19.40 million for the quarter, compared to the consensus estimate of $19.83 million. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. Sell-side analysts forecast that Goosehead Insurance Inc will post 0.34 earnings per share for the current year.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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