State Board of Administration of Florida Retirement System lessened its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,692 shares of the company’s stock after selling 450 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Goosehead Insurance were worth $264,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Logan Capital Management Inc. grew its holdings in shares of Goosehead Insurance by 3.5% in the 3rd quarter. Logan Capital Management Inc. now owns 11,080 shares of the company’s stock valued at $394,000 after acquiring an additional 376 shares in the last quarter. HighTower Advisors LLC lifted its position in Goosehead Insurance by 16.6% during the first quarter. HighTower Advisors LLC now owns 3,167 shares of the company’s stock worth $248,000 after acquiring an additional 450 shares during the last quarter. Spire Wealth Management lifted its position in Goosehead Insurance by 178.3% during the third quarter. Spire Wealth Management now owns 704 shares of the company’s stock worth $25,000 after acquiring an additional 451 shares during the last quarter. First Republic Investment Management Inc. lifted its position in Goosehead Insurance by 14.5% during the first quarter. First Republic Investment Management Inc. now owns 3,737 shares of the company’s stock worth $294,000 after acquiring an additional 474 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in Goosehead Insurance by 58.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,548 shares of the company’s stock worth $53,000 after acquiring an additional 572 shares during the last quarter. Institutional investors and hedge funds own 99.96% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $72.00 price target on shares of Goosehead Insurance in a research report on Wednesday, March 1st. Piper Sandler lifted their price target on shares of Goosehead Insurance from $59.00 to $64.00 in a research report on Thursday, April 27th. Truist Financial lifted their price target on shares of Goosehead Insurance from $40.00 to $50.00 in a research report on Thursday, April 27th. JPMorgan Chase & Co. decreased their price objective on shares of Goosehead Insurance from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada decreased their target price on shares of Goosehead Insurance from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.29.
Insider Buying and Selling at Goosehead Insurance
Goosehead Insurance Stock Performance
Shares of GSHD stock opened at $58.00 on Monday. Goosehead Insurance, Inc has a 52-week low of $29.23 and a 52-week high of $71.04. The company has a 50-day simple moving average of $53.97 and a two-hundred day simple moving average of $44.99. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 446.19, a PEG ratio of 3.47 and a beta of 1.20.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.13. Goosehead Insurance had a net margin of 1.21% and a negative return on equity of 6.68%. The company had revenue of $57.96 million for the quarter, compared to analysts’ expectations of $53.73 million. During the same period in the prior year, the company posted ($0.11) EPS. Goosehead Insurance’s revenue was up 40.4% compared to the same quarter last year. On average, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.38 EPS for the current fiscal year.
Goosehead Insurance Profile
Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines of insurance. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.
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