Goosehead Insurance, Inc (NASDAQ:GSHD – Get Free Report) major shareholder Adrienne Kebodeaux sold 43,928 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Goosehead Insurance Stock Down 0.6 %
Shares of GSHD stock opened at $109.00 on Thursday. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 175.81, a PEG ratio of 5.00 and a beta of 1.35. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $111.41. The company’s fifty day moving average price is $90.60 and its 200-day moving average price is $74.25. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14.
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last issued 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 net margin of 6.71% and a return on equity of 244.15%. The business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same period last year, the company posted $0.28 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that Goosehead Insurance, Inc will post 0.76 EPS for the current fiscal year.
Institutional Investors Weigh In On Goosehead Insurance
Analysts Set New Price Targets
A number of brokerages have weighed in on GSHD. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. BMO Capital Markets downgraded shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a research report on Thursday, August 22nd. Piper Sandler increased their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank of Canada increased their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial increased their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $91.30.
Read Our Latest Report on GSHD
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.
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