Goosehead Insurance (NASDAQ:GSHD) Trading Up 6.8%

Goosehead Insurance, Inc (NASDAQ:GSHD)’s stock price was up 6.8% on Friday . The stock traded as high as $63.93 and last traded at $63.93. Approximately 121,126 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 308,382 shares. The stock had previously closed at $59.87.

Analyst Ratings Changes

Several equities research analysts have commented on GSHD shares. JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. BMO Capital Markets lowered their price objective on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating for the company in a research report on Tuesday, April 30th. Truist Financial dropped their price objective on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Bank of America decreased their target price on Goosehead Insurance from $36.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada dropped their price target on Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

Goosehead Insurance Stock Up 7.5 %

The stock’s fifty day moving average price is $62.13 and its 200-day moving average price is $71.22. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 103.81, a P/E/G ratio of 3.20 and a beta of 1.31. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $64.46 million for the quarter, compared to analysts’ expectations of $66.24 million. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. On average, sell-side analysts predict that Goosehead Insurance, Inc will post 0.7 earnings per share for the current fiscal year.

Insider Activity at Goosehead Insurance

In related news, General Counsel John Terry O’connor purchased 1,000 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $73.46 per share, with a total value of $73,460.00. Following the transaction, the general counsel now directly owns 1,000 shares of the company’s stock, valued at $73,460. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other Goosehead Insurance news, COO Mark Miller acquired 10,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $58.06 per share, for a total transaction of $580,600.00. Following the completion of the purchase, the chief operating officer now directly owns 30,000 shares of the company’s stock, valued at $1,741,800. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel John Terry O’connor acquired 1,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $73.46 per share, with a total value 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 disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 17,582 shares of company stock valued at $1,141,849. Insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas raised 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 valued at $25,000 after purchasing an additional 321 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Goosehead Insurance in the 4th quarter valued at about $35,000. Benjamin F. Edwards & Company Inc. bought a new position in Goosehead Insurance in the 1st quarter valued at about $35,000. Harvest Fund Management Co. Ltd acquired a new stake in Goosehead Insurance during the third quarter worth approximately $37,000. Finally, CENTRAL TRUST Co acquired a new stake in Goosehead Insurance during the first quarter worth approximately $67,000.

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.