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

Goosehead Insurance, Inc (NASDAQ:GSHD) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $111.41 and last traded at $111.02, with a volume of 24174 shares trading hands. The stock had previously closed at $109.71.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen cut Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their price objective for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. UBS Group raised their target price on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JMP Securities raised their target price on Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Finally, Piper Sandler raised their target price on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $91.30.

Goosehead Insurance Stock Down 1.4 %

The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. The business has a 50 day moving average price of $90.07 and a 200 day moving average price of $74.01. The firm has a market capitalization of $4.11 billion, a P/E ratio of 176.95, a price-to-earnings-growth ratio of 5.00 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Goosehead Insurance, Inc will post 0.76 earnings per share for the current year.

Insider Activity at Goosehead Insurance

In related news, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the transaction, the insider now directly owns 5,000 shares in the company, valued at $425,950. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Goosehead Insurance news, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $85.88, for a total transaction of $894,697.84. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total value of $653,748.06. Following the sale, the insider now directly owns 5,000 shares in the company, valued at $425,950. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,726 shares of company stock worth $10,712,638 over the last three months. Company insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors have recently added to or reduced their stakes in the stock. Jacobson & Schmitt Advisors LLC boosted its holdings in Goosehead Insurance by 10.6% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company’s stock valued at $12,649,000 after purchasing an additional 13,594 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Goosehead Insurance during the 3rd quarter worth $60,000. International Assets Investment Management LLC lifted its holdings in Goosehead Insurance by 7,593.8% during the 3rd quarter. International Assets Investment Management LLC now owns 10,002 shares of the company’s stock worth $8,930,000 after buying an additional 9,872 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Goosehead Insurance during the 3rd quarter worth $29,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Goosehead Insurance during the 3rd quarter valued at $274,000.

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.