William Blair Comments on Goosehead Insurance, Inc’s Q2 2024 Earnings (NASDAQ:GSHD)

Goosehead Insurance, Inc (NASDAQ:GSHD) – Equities researchers at William Blair upped their Q2 2024 earnings per share (EPS) estimates for shares of Goosehead Insurance in a report released on Monday, April 15th. William Blair analyst A. Klauber now expects that the company will earn $0.26 per share for the quarter, up from their prior estimate of $0.25. 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 Q3 2024 earnings at $0.30 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.35 EPS.

Several other brokerages have also recently weighed in on GSHD. 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. JPMorgan Chase & Co. raised their target price 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. JMP Securities reissued a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a research note on Monday. Piper Sandler raised their target price on shares of Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, BMO Capital Markets decreased their target price 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.88.

Goosehead Insurance Price Performance

Shares of GSHD opened at $56.70 on Wednesday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 99.47, a P/E/G ratio of 4.05 and a beta of 1.28. Goosehead Insurance has a twelve month low of $53.57 and a twelve month high of $92.76. The company has a 50 day moving average of $72.48 and a 200-day moving average of $73.00. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.02.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $63.01 million for the quarter, compared to the consensus estimate of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GSHD. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Goosehead Insurance by 7.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,897,246 shares of the company’s stock valued at $151,236,000 after buying an additional 212,130 shares during the period. Vanguard Group Inc. increased its holdings in shares of Goosehead Insurance by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock valued at $179,589,000 after acquiring an additional 36,676 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Goosehead Insurance by 17.2% during the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after acquiring an additional 308,312 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Goosehead Insurance by 9.2% during the second quarter. BlackRock Inc. now owns 1,569,036 shares of the company’s stock valued at $98,677,000 after acquiring an additional 131,733 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its holdings in shares of Goosehead Insurance by 30.7% during the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock valued at $117,605,000 after acquiring an additional 351,769 shares in the last quarter.

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 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 transaction of $186,315.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $297,685.78. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at approximately $10,014,848.83. 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.

Goosehead Insurance Company Profile

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.