Goosehead Insurance, Inc Expected to Earn Q1 2024 Earnings of $0.00 Per Share (NASDAQ:GSHD)

Goosehead Insurance, Inc (NASDAQ:GSHD) – William Blair decreased their Q1 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 anticipates that the company will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.06. 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 Q4 2024 earnings at $0.21 EPS.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $63.01 million during 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%.

A number of other analysts also recently issued reports on GSHD. Piper Sandler lifted their price target on Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. JMP Securities reiterated a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a research report on Monday. JPMorgan Chase & Co. lifted their price target on Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Truist Financial dropped their price target on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Finally, TD Cowen assumed coverage on Goosehead Insurance in a report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective on the stock. 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, Goosehead Insurance has an average rating of “Moderate Buy” and an average price target of $84.88.

Goosehead Insurance Stock Performance

Shares of GSHD opened at $56.70 on Thursday. The company has a market cap of $2.15 billion, a PE ratio of 99.47, a price-to-earnings-growth ratio of 4.05 and a beta of 1.28. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. The stock has a 50-day moving average price of $72.48 and a 200-day moving average price of $73.00. Goosehead Insurance has a 12-month low of $53.57 and a 12-month high of $92.76.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction that occurred 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 legal filing with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.67, for a total value of $297,685.78. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at $10,014,848.83. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in shares of Goosehead Insurance by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock valued at $1,140,000 after purchasing an additional 161 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after buying an additional 165 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Goosehead Insurance by 21.8% in the second quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock worth $58,000 after buying an additional 166 shares in the last quarter. Janney Capital Management LLC boosted its stake in shares of Goosehead Insurance by 3.2% in the fourth quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock worth $440,000 after acquiring an additional 181 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Goosehead Insurance by 3.6% in the third quarter. Arizona State Retirement System now owns 6,122 shares of the company’s stock worth $456,000 after acquiring an additional 214 shares during the period.

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.