Goosehead Insurance, Inc Expected to Earn Q1 2024 Earnings of $0.00 Per Share (NASDAQ:GSHD)

Goosehead Insurance, Inc (NASDAQ:GSHD) – Stock analysts at William Blair reduced their Q1 2024 EPS estimates for shares of Goosehead Insurance in a research note issued on Monday, April 15th. William Blair analyst A. Klauber now expects that the company will earn $0.00 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for Goosehead Insurance’s current full-year earnings is $0.80 per share. William Blair also issued estimates for Goosehead Insurance’s Q4 2024 earnings at $0.21 EPS.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $63.01 million for the quarter, compared to analyst estimates of $68.18 million.

A number of other analysts also recently weighed in on GSHD. BMO Capital Markets cut their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. JMP Securities reissued a “market outperform” rating and set a $100.00 target price on shares of Goosehead Insurance in a research note on Monday. JPMorgan Chase & Co. increased their target price on Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Piper Sandler raised their price target on shares of Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Truist Financial decreased their price target on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Goosehead Insurance Stock Performance

Goosehead Insurance stock opened at $56.70 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. Goosehead Insurance has a 1 year low of $53.57 and a 1 year high of $92.76. The company has a market cap of $2.15 billion, a PE ratio of 99.47, a PEG ratio of 4.05 and a beta of 1.28. The company’s 50-day moving average is $72.48 and its two-hundred day moving average is $73.00.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.67, for a total transaction of $297,685.78. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $10,014,848.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.67, for a total transaction of $297,685.78. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total value of $186,315.08. The disclosure for this sale can be found here. In the last quarter, insiders acquired 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. Insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GSHD. USA Financial Formulas increased its position in shares of Goosehead Insurance by 5,350.0% in the fourth quarter. USA Financial Formulas now owns 327 shares of the company’s stock worth $25,000 after purchasing an additional 321 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Goosehead Insurance during the fourth quarter worth about $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance in the fourth quarter worth approximately $35,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Goosehead Insurance in the third quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Goosehead Insurance by 21.8% in 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 during the period.

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.