Short Interest in Goosehead Insurance, Inc (NASDAQ:GSHD) Increases By 5.1%

Goosehead Insurance, Inc (NASDAQ:GSHD) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,070,000 shares, a growth of 5.1% from the March 15th total of 1,970,000 shares. Approximately 9.2% of the shares of the stock are sold short. Based on an average trading volume of 278,700 shares, the short-interest ratio is presently 7.4 days.

Insider Buying and Selling

In other news, General Counsel John Terry O’connor bought 1,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $73.46 per share, for a total transaction of $73,460.00. Following the completion of the transaction, the general counsel now owns 1,000 shares of the company’s stock, valued at $73,460. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Goosehead Insurance news, General Counsel John Terry O’connor purchased 1,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $73.46 per share, for a total transaction of $73,460.00. Following the transaction, the general counsel now owns 1,000 shares in the company, valued at approximately $73,460. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Desiree Coleman sold 8,952 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $80.05, for a total value of $716,607.60. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. 38.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently added to or reduced their stakes in the business. USA Financial Formulas increased its stake in Goosehead Insurance by 5,350.0% in the fourth quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after acquiring an additional 321 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance during the 4th quarter valued at about $35,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Goosehead Insurance during the 3rd quarter valued at about $37,000. Group One Trading L.P. purchased a new position in shares of Goosehead Insurance during the 1st quarter valued at about $59,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Goosehead Insurance by 21.8% during the second quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock worth $58,000 after acquiring an additional 166 shares in the last quarter.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $56.50 on Thursday. The stock has a fifty day moving average of $72.94 and a 200-day moving average of $73.11. The stock has a market cap of $2.14 billion, a PE ratio of 99.12, a price-to-earnings-growth ratio of 3.98 and a beta of 1.28. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. Goosehead Insurance has a fifty-two week low of $51.06 and a fifty-two week high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The firm had revenue of $63.01 million during the quarter, compared to analysts’ expectations of $68.18 million. Equities research analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

GSHD has been the subject of several research reports. Piper Sandler raised their target price on Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. JMP Securities restated a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a report on Monday. Truist Financial lowered their target price on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Goosehead Insurance has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.