Goosehead Insurance (NASDAQ:GSHD) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Goosehead Insurance (NASDAQ:GSHD)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $50.41 and traded as low as $44.42. Goosehead Insurance shares last traded at $46.13, with a volume of 1,057,457 shares trading hands.

Trending Headlines about Goosehead Insurance

Here are the key news stories impacting Goosehead Insurance this week:

• Positive Sentiment: Q3 earnings were $0.53 per share, topping the $0.51 analyst consensus and improving from $0.46 a year earlier. The company also gave Q3 revenue guidance of $108.8 million–$110.8 million, above the $105.1 million consensus. Goosehead preliminary Q3 results
• Neutral Sentiment: Goosehead reaffirmed its full-year 2026 earnings guidance. Piper Sandler raised its price target from $48 to $56 but maintained a Neutral rating, suggesting a higher valuation view without a change in its recommendation. Piper Sandler rating information
• Negative Sentiment: The company said previously issued financial statements dating back to 2023 should no longer be relied upon and must be restated to correct GAAP-related issues. It also delayed its full earnings release. This raises concerns about reporting controls and makes the earnings beat less reassuring until investors can assess the corrected results. Goosehead preliminary Q3 results
• Negative Sentiment: Law firms announced investigations into potential securities-law claims following the disclosure. These are allegations and investigations, not findings of wrongdoing, but they add potential legal and reputational risk. Securities investigation announcement

Analyst Upgrades and Downgrades

GSHD has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Goosehead Insurance from $72.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, October 12th. JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. BMO Capital Markets reiterated a “market perform” rating on shares of Goosehead Insurance in a research report on Wednesday, October 14th. Citigroup reissued a “market outperform” rating on shares of Goosehead Insurance in a research note on Monday, October 12th. Finally, Weiss Ratings lowered Goosehead Insurance from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.08.

Goosehead Insurance Price Performance

The business’s 50 day moving average is $50.69 and its two-hundred day moving average is $50.41. The firm has a market capitalization of $1.64 billion, a PE ratio of 33.67, a P/E/G ratio of 2.06 and a beta of 1.51.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Monday, November 9th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The business had revenue of $105.90 million during the quarter, compared to analyst estimates of $105.39 million. During the same period in the previous year, the business posted $0.46 earnings per share. Analysts expect that Goosehead Insurance will post 1.45 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In related news, major shareholder Adrienne Kebodeaux sold 7,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $70.00, for a total value of $490,000.00. Following the completion of the transaction, the insider directly owned 273,027 shares in the company, valued at approximately $19,111,890. The trade was a 2.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Durable Capital Partners Lp bought 150,000 shares of Goosehead Insurance stock in a transaction that occurred on Tuesday, September 22nd. The stock was purchased at an average cost of $47.32 per share, for a total transaction of $7,098,000.00. Following the purchase, the insider owned 2,720,260 shares of the company’s stock, valued at $128,722,703.20. The trade was a 5.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 38.07% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently modified their holdings of the company. Voya Investment Management LLC raised its holdings in shares of Goosehead Insurance by 12,118.3% during the 3rd quarter. Voya Investment Management LLC now owns 550,800 shares of the company’s stock valued at $24,984,000 after buying an additional 546,292 shares in the last quarter. Janus Henderson Group PLC grew its position in Goosehead Insurance by 3,485.1% during the first quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock valued at $16,506,000 after acquiring an additional 376,114 shares during the last quarter. Bank of America Corp DE grew its position in Goosehead Insurance by 28.2% during the first quarter. Bank of America Corp DE now owns 329,333 shares of the company’s stock valued at $14,049,000 after acquiring an additional 72,527 shares during the last quarter. Principal Financial Group Inc. grew its position in Goosehead Insurance by 23.2% during the first quarter. Principal Financial Group Inc. now owns 219,745 shares of the company’s stock valued at $9,374,000 after acquiring an additional 41,334 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Goosehead Insurance by 9.4% during the first quarter. Sei Investments Co. now owns 163,452 shares of the company’s stock worth $6,973,000 after acquiring an additional 14,051 shares in the last quarter.

About Goosehead Insurance

Goosehead Insurance is an independent insurance agency that distributes personal insurance products through a network of company-operated and franchised locations. The company works with multiple insurance carriers, helping customers compare coverage options and obtain policies. Its offerings include homeowners, automobile, flood, umbrella and other personal insurance products. Goosehead also provides technology and support services to its agents, including tools for quoting, policy management and customer service.