Goosehead Insurance (NASDAQ:GSHD) Stock Price Up 5.4% – Should You Buy?

Goosehead Insurance (NASDAQ:GSHD)’s share price was up 5.4% on Tuesday . The company traded as high as $38.38 and last traded at $38.01. Approximately 41,688 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 465,686 shares. The stock had previously closed at $36.05.

Analyst Upgrades and Downgrades

Several brokerages have commented on GSHD. UBS Group decreased their target price on shares of Goosehead Insurance from $85.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Piper Sandler decreased their target price on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Bank of America decreased their target price on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Finally, Truist Financial decreased their target price on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.09.

Goosehead Insurance Price Performance

The stock has a 50-day simple moving average of $41.02 and a 200 day simple moving average of $54.07. The company has a market capitalization of $1.33 billion, a PE ratio of 32.95, a P/E/G ratio of 1.27 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.Goosehead Insurance’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. As a group, research analysts predict that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, CFO John Arthur Martin bought 5,000 shares of Goosehead Insurance stock in a transaction on Thursday, May 28th. The shares were bought at an average cost of $34.73 per share, for a total transaction of $173,650.00. Following the acquisition, the chief financial officer owned 5,000 shares in the company, valued at approximately $173,650. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88. Following the completion of the transaction, the insider owned 6,995,180 shares in the company, valued at approximately $285,123,536.80. This trade represents a 0.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have purchased 12,800 shares of company stock valued at $480,718 and have sold 219,192 shares valued at $9,092,267. 38.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Goosehead Insurance in the 4th quarter valued at about $41,000. Fifth Third Bancorp lifted its holdings in Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after purchasing an additional 284 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Goosehead Insurance by 614.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 860 shares in the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.