Goosehead Insurance (NASDAQ:GSHD) Reaches New 52-Week Low – Should You Sell?

Goosehead Insurance (NASDAQ:GSHD) reached a new 52-week low on Monday . The company traded as low as $40.32 and last traded at $42.28, with a volume of 1043532 shares. The stock had previously closed at $42.21.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Keefe, Bruyette & Woods reduced their price objective on shares of Goosehead Insurance from $95.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Wall Street Zen upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Jefferies Financial Group began coverage on Goosehead Insurance in a report on Monday, December 1st. They set a “buy” rating and a $93.00 target price for the company. Finally, UBS Group decreased their target price on Goosehead Insurance from $121.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Goosehead Insurance presently has an average rating of “Moderate Buy” and a consensus price target of $77.60.

Goosehead Insurance Trading Up 3.2%

The stock’s fifty day simple moving average is $55.92 and its 200 day simple moving average is $67.05. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 3.00 and a beta of 1.57.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The business had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $99.67 million. During the same period in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts predict that Goosehead Insurance will post 0.83 EPS for the current year.

Insiders Place Their Bets

In other news, Director Louis Goldberg purchased 5,575 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was acquired at an average price of $44.85 per share, with a total value of $250,038.75. Following the purchase, the director directly owned 5,575 shares in the company, valued at approximately $250,038.75. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 37.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new position in shares of Goosehead Insurance during the 4th quarter worth $686,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Goosehead Insurance by 38.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after purchasing an additional 556,293 shares during the period. Voloridge Investment Management LLC increased its holdings in Goosehead Insurance by 21.4% in the 4th quarter. Voloridge Investment Management LLC now owns 40,304 shares of the company’s stock valued at $2,968,000 after purchasing an additional 7,100 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Goosehead Insurance in the fourth quarter valued at approximately $4,409,000. Finally, Odyssean LLC purchased a new stake in Goosehead Insurance in the fourth quarter valued at approximately $728,000.

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.