Goosehead Insurance, Inc (NASDAQ:GSHD – Receive Rating ) – Analysts at William Blair boosted their Q2 2023 earnings estimates for shares of Goosehead Insurance in a research report issued to clients and investors on Wednesday, April 26th. William Blair analyst A. Klauber now anticipates that the company will post earnings of $0.13 per share for the quarter, up from their prior estimate of $0.09. The consensus estimate for Goosehead Insurance’s current full-year earnings is $0.39 per share.
GSHD has been the subject of a number of other reports. Royal Bank of Canada cut 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. Piper Sandler boosted their price objective on Goosehead Insurance from $59.00 to $64.00 in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Goosehead Insurance from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, February 23rd. Truist Financial boosted their price objective on Goosehead Insurance from $40.00 to $50.00 in a research report on Thursday. Finally, Credit Suisse Group reissued an “outperform” rating and set a $72.00 target price on shares of Goosehead Insurance in a research report on Wednesday, March 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Moderate Buy” and an average target price of $62.29, based on data from MarketBeat.com.
Goosehead Insurance Pricing Performance
Shares of NASDAQ:GSHD opened at $57.50 on Monday. The firm has a market cap of $2.16 billion, a PE ratio of 442.31, a price-to-earnings-growth ratio of 3.33 and a beta of 1.20. The firm’s 50-day moving average is $50.52, and its two-hundred-day moving average is $42.53. Goosehead Insurance has a 1 year low of $29.23 and a 1 year high of $71.04.
Goosehead Insurance (NASDAQ:GSHD – Get Rating ) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. The company had revenue of $57.96 million for the quarter, compared to analyst estimates of $53.73 million. Goosehead Insurance had a net margin of 1.21% and a negative return on equity of 5.96%. The business’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share.
Internal work at Goosehead Insurance
In related news, major shareholder and Robyn Jones Descendants Mark sold 2,051 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $45.01, for a total value of $92,315.51. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $5,957,028.49. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available through the SEC’s website. In other news, Director Thomas McConnon acquired 5,788 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were acquired at an average price of $47.45 per share, with a total value of $274,640.60. Following the completion of the acquisition, the director now owns 516,008 shares of the company’s stock, valued at $24,484,579.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder & Robyn Jones Descendants Mark sold 2,051 shares of the stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $45.01, for a total value of $92,315.51. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $5,957,028.49. Disclosure of this sale can be found here. Insiders sold 253,854 shares of company stock worth $12,779,612 over the last three months. 48.35% of shares are owned by corporate insiders.
Institutional investors rate Goosehead insurance
Large investors have recently modified their holdings of the company. Twinbeech Capital LP acquired a new stake in shares of Goosehead Insurance during the third quarter valued at approximately $1,628,000. US Bancorp DE raised its stake in shares of Goosehead Insurance by 16.0% during the third quarter. US Bancorp DE now owns 26,962 shares of the company’s stock valued at $961,000 after buying an additional 3,716 shares in the last quarter. Durable Capital Partners LP boosted its stake in shares of Goosehead Insurance by 12.0% in the third quarter. Durable Capital Partners LP now owns 998,625 shares of the company’s stock valued at $35,591,000 after buying an additional 106,849 shares in the last quarter. Polen Capital Management LLC raised its stake in shares of Goosehead Insurance by 35.0% during the third quarter. Polen Capital Management LLC now owns 313,367 shares of the company’s stock valued at $11,168,000 after buying an additional 81,171 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in shares of Goosehead Insurance by 58.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,548 shares of the company’s stock valued at $53,000 after buying an additional 572 shares during the last quarter. 99.96% of the shares are owned by institutional investors and hedge funds.
About Goosehead Insurance
Goosehead Insurance, Inc is a holding company engaged in the provision of independent personal insurance lines. It operates through the Corporate Channel and Franchise Channel segments. The corporate channel segment consists of company-owned and funded operations with employees who are hired, trained and managed by the company.
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