Goosehead Insurance (NASDAQ:GSHD) Reaches New 12-Month High – Should You Buy?

Goosehead Insurance, Inc (NASDAQ:GSHD) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $113.20 and last traded at $113.14, with a volume of 722 shares traded. The stock had previously closed at $107.54.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Truist Financial upped their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Piper Sandler upped their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $98.00 to $94.00 in a research note on Thursday, August 15th. Finally, UBS Group upped their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One investment 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. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus price target of $91.30.

Goosehead Insurance Price Performance

The firm’s fifty day simple moving average is $93.67 and its 200 day simple moving average is $76.28. The firm has a market cap of $4.12 billion, a P/E ratio of 154.20, a P/E/G ratio of 4.10 and a beta of 1.32. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, analysts forecast that Goosehead Insurance, Inc will post 0.84 earnings per share for the current year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $425,950. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $425,950. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark Evan Jones sold 10,418 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84. Following the completion of the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at approximately $3,388,051.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,726 shares of company stock valued at $10,712,638 in the last 90 days. Insiders own 38.03% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Goosehead Insurance during the third quarter worth approximately $29,000. GAMMA Investing LLC increased its holdings in Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after buying an additional 231 shares during the period. Cullen Frost Bankers Inc. increased its holdings in Goosehead Insurance by 49.4% during the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after buying an additional 210 shares during the period. Blue Trust Inc. increased its holdings in Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after buying an additional 403 shares during the period. Finally, Quarry LP increased its holdings in Goosehead Insurance by 2,810.7% during the second quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after buying an additional 787 shares during the period.

Goosehead Insurance Company Profile

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.