Goosehead Insurance (NASDAQ:GSHD) Reaches New 52-Week Low – Should You Sell?

Goosehead Insurance (NASDAQ:GSHD) reached a new 52-week low on Monday . The stock traded as low as $40.32 and last traded at $42.28, with a volume of 1043532 shares changing hands. The stock had previously closed at $42.21.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada started coverage on shares of Goosehead Insurance in a report on Tuesday, March 17th. They set a “hold” rating and a $49.00 target price on the stock. BMO Capital Markets reduced their price target on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Jefferies Financial Group began coverage on shares of Goosehead Insurance in a research report on Monday, December 1st. They issued a “buy” rating and a $93.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of “Moderate Buy” and an average target price of $77.60.

Goosehead Insurance Trading Up 3.2%

The company’s 50 day moving average is $55.92 and its 200 day moving average is $67.05. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 3.00 and a beta of 1.57.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The firm had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $99.67 million. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The business’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. Analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Director Louis Goldberg bought 5,575 shares of the stock in a transaction dated Friday, February 20th. The shares were acquired at an average cost of $44.85 per share, for a total transaction of $250,038.75. Following the completion of the transaction, the director owned 5,575 shares in the company, valued at approximately $250,038.75. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 37.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in shares of Goosehead Insurance in the fourth quarter valued at about $686,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Goosehead Insurance by 38.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after purchasing an additional 556,293 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Goosehead Insurance by 21.4% during the fourth quarter. Voloridge Investment Management LLC now owns 40,304 shares of the company’s stock worth $2,968,000 after purchasing an additional 7,100 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Goosehead Insurance during the fourth quarter worth approximately $4,409,000. Finally, Odyssean LLC acquired a new stake in shares of Goosehead Insurance during the fourth quarter worth $728,000.

About Goosehead Insurance

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.