Goosehead Insurance (NASDAQ:GSHD) Shares Gap Up to $55.50

Goosehead Insurance, Inc (NASDAQ:GSHD) gapped up before the market opened on Monday . The stock had previously closed at $55.50, but opened at $58.14. Goosehead Insurance shares last traded at $56.20, with a volume of 33,069 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial decreased their target price on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. TD Cowen started coverage on shares of Goosehead Insurance in a research report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Goosehead Insurance Stock Up 4.1 %

The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The company’s fifty day moving average is $68.89 and its 200-day moving average is $72.42. The company has a market cap of $2.19 billion, a PE ratio of 89.52, a PEG ratio of 3.53 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The business had revenue of $64.46 million for the quarter, compared to analysts’ expectations of $66.24 million. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. On average, analysts predict that Goosehead Insurance, Inc will post 0.9 EPS for the current year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total value of $2,722,368.04. Following the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $9,915,587.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The disclosure for this sale can be found here. In the last quarter, insiders have bought 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. 38.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Goosehead Insurance

Large investors have recently added to or reduced their stakes in the stock. USA Financial Formulas lifted its position 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 worth $25,000 after purchasing an additional 321 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $35,000. Harvest Fund Management Co. Ltd bought a new position in shares of Goosehead Insurance during the 3rd quarter worth approximately $37,000. CENTRAL TRUST Co bought a new position in shares of Goosehead Insurance during the 1st quarter worth approximately $67,000. Finally, Signaturefd LLC raised its stake in shares of Goosehead Insurance by 28.9% during the 3rd quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock worth $83,000 after acquiring an additional 250 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.