Goosehead Insurance (NASDAQ:GSHD) Trading Up 10.7% – Time to Buy?

Goosehead Insurance (NASDAQ:GSHD)’s stock price shot up 10.7% during mid-day trading on Monday . The stock traded as high as $40.91 and last traded at $41.6940. 43,411 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 453,521 shares. The stock had previously closed at $37.65.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Cantor Fitzgerald dropped their price target on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Keefe, Bruyette & Woods increased their price target on shares of Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings lowered shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Finally, Citizens Jmp lowered their price target on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Seven investment 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.com, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus price target of $67.45.

Goosehead Insurance Stock Up 9.0%

The business has a fifty day moving average of $43.56 and a 200 day moving average of $58.68. The company has a market cap of $1.46 billion, a P/E ratio of 36.00, a P/E/G ratio of 1.38 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company had revenue of $79.48 million for the quarter, compared to analysts’ expectations of $105.16 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. Goosehead Insurance’s quarterly revenue was up 23.1% on a year-over-year basis. On average, sell-side analysts anticipate that Goosehead Insurance will post 1.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Louis Goldberg acquired 5,575 shares of the stock in a transaction on 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 completion of the transaction, the director owned 5,575 shares of the company’s stock, valued at $250,038.75. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 5,307 shares of Goosehead Insurance stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $48.07, for a total transaction of $255,107.49. Following the transaction, the insider directly owned 7,214,193 shares of the company’s stock, valued at approximately $346,786,257.51. This trade represents a 0.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 10,576 shares of company stock valued at $494,568. 38.07% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in Goosehead Insurance by 85.7% during the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after buying an additional 1,999 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Goosehead Insurance by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after acquiring an additional 578 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Goosehead Insurance by 86.6% in the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after acquiring an additional 164,693 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Goosehead Insurance by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock valued at $6,894,000 after acquiring an additional 3,218 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Goosehead Insurance by 28.2% in the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after purchasing an additional 2,461 shares during 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.