Goosehead Insurance (NASDAQ:GSHD) Sets New 12-Month High – Time to Buy?

Goosehead Insurance, Inc (NASDAQ:GSHD)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $111.41 and last traded at $111.02, with a volume of 24174 shares. The stock had previously closed at $109.71.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GSHD. UBS Group raised their target price on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price for the company. in a report on Thursday, August 22nd. JPMorgan Chase & Co. raised their target price on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Royal Bank of Canada raised their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, JMP Securities raised their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $91.30.

Goosehead Insurance Trading Down 0.1 %

The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 151.25, a PEG ratio of 4.19 and a beta of 1.35. The company has a 50-day moving average price of $90.60 and a 200 day moving average price of $74.25. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, research analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Insider Activity at Goosehead Insurance

In related news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Ryan Langston sold 10,000 shares of Goosehead Insurance stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total value of $953,500.00. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $476,750. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,726 shares of company stock valued at $10,712,638. Insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors have recently bought and sold shares of GSHD. Vanguard Group Inc. raised its holdings in Goosehead Insurance by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock valued at $179,589,000 after buying an additional 36,676 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Goosehead Insurance by 13.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after buying an additional 165 shares in the last quarter. Norden Group LLC raised its holdings in Goosehead Insurance by 37.6% during the first quarter. Norden Group LLC now owns 7,799 shares of the company’s stock valued at $520,000 after buying an additional 2,130 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Goosehead Insurance by 9.6% during the first quarter. BNP Paribas Financial Markets now owns 19,282 shares of the company’s stock valued at $1,285,000 after buying an additional 1,682 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Goosehead Insurance by 31.4% during the first quarter. Janney Montgomery Scott LLC now owns 4,428 shares of the company’s stock valued at $295,000 after buying an additional 1,058 shares in 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.