Goosehead Insurance (NASDAQ:GSHD) Sets New 52-Week Low – Here’s What Happened

Goosehead Insurance (NASDAQ:GSHD)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $78.50 and last traded at $79.63, with a volume of 327867 shares traded. The stock had previously closed at $80.67.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler decreased their price objective on shares of Goosehead Insurance from $109.00 to $92.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. BMO Capital Markets cut their target price on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, July 25th. Cantor Fitzgerald raised Goosehead Insurance to a “strong-buy” rating in a research note on Wednesday, August 13th. Zacks Research raised Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, UBS Group dropped their price target on Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Goosehead Insurance has an average rating of “Hold” and a consensus price target of $109.36.

Goosehead Insurance Stock Up 0.2%

The firm has a market capitalization of $3.03 billion, a PE ratio of 71.50, a PEG ratio of 6.90 and a beta of 1.34. The company has a fifty day moving average price of $88.45 and a 200-day moving average price of $101.44. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $94.03 million for the quarter, compared to analysts’ expectations of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The firm’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total value of $258,900.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,149 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was acquired at an average cost of $86.08 per share, for a total transaction of $98,905.92. Following the transaction, the chief financial officer directly owned 3,491 shares in the company, valued at $300,505.28. The trade was a 49.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 244,770 shares of company stock valued at $21,568,721 in the last quarter. 48.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in GSHD. Bessemer Group Inc. grew its position in shares of Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after buying an additional 191 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after buying an additional 269 shares in the last quarter. TCTC Holdings LLC lifted its stake in shares of Goosehead Insurance by 117.1% during the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock worth $39,000 after purchasing an additional 178 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Goosehead Insurance by 1,251.6% during the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock worth $49,000 after purchasing an additional 388 shares during the last quarter.

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.