Goosehead Insurance, Inc to Post Q2 2024 Earnings of $0.26 Per Share, William Blair Forecasts (NASDAQ:GSHD)

Goosehead Insurance, Inc (NASDAQ:GSHD) – Analysts at William Blair increased their Q2 2024 EPS estimates for Goosehead Insurance in a research note issued to investors on Monday, April 15th. William Blair analyst A. Klauber now expects that the company will post earnings of $0.26 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for Goosehead Insurance’s current full-year earnings is $0.83 per share. William Blair also issued estimates for Goosehead Insurance’s Q3 2024 earnings at $0.30 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.35 EPS.

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

GSHD has been the subject of several other reports. BMO Capital Markets cut their target price on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. Piper Sandler upped their target price on shares of Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. JMP Securities reiterated a “market outperform” rating and set a $100.00 target price on shares of Goosehead Insurance in a research note on Monday. TD Cowen initiated coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Goosehead Insurance has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

Goosehead Insurance Stock Performance

NASDAQ:GSHD traded up $0.05 during trading hours on Wednesday, hitting $56.50. 386,963 shares of the company traded hands, compared to its average volume of 279,933. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 98.91, a P/E/G ratio of 3.98 and a beta of 1.28. Goosehead Insurance has a twelve month low of $51.06 and a twelve month high of $92.76. The firm has a 50-day moving average of $73.39 and a 200 day moving average of $73.23. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total transaction of $186,315.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total transaction of $186,315.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Mark Miller acquired 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $73.86 per share, for a total transaction of $369,300.00. Following the acquisition, the chief operating officer now owns 20,000 shares in the company, valued at $1,477,200. The disclosure for this purchase can be found here. In the last quarter, insiders bought 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. 38.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds have recently added to or reduced their stakes in GSHD. USA Financial Formulas boosted its stake in shares of Goosehead Insurance by 5,350.0% in the 4th 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 last quarter. Meeder Asset Management Inc. bought a new position in shares of Goosehead Insurance in the 4th quarter valued at about $33,000. DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance in the 4th quarter valued at about $35,000. Harvest Fund Management Co. Ltd bought a new position in shares of Goosehead Insurance in the 3rd quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Goosehead Insurance by 21.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock valued at $58,000 after purchasing an additional 166 shares during the last quarter.

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.