Goosehead Insurance (GSHD) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Goosehead Insurance (NASDAQ:GSHD) from a sell rating to a hold rating in a research report report published on Friday morning.

According to Zacks, “Goosehead Insurance Inc. operates as an insurance agency. Its product portfolio includes homeowner’s insurance; auto insurance; other personal lines products including flood, wind and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance, commercial lines insurance and life insurance. Goosehead Insurance Inc. is based in Texas, United States. “

GSHD has been the topic of a number of other reports. Keefe, Bruyette & Woods downgraded shares of Goosehead Insurance from an outperform rating to a market perform rating in a report on Tuesday, June 19th. JPMorgan Chase & Co. assumed coverage on shares of Goosehead Insurance in a report on Tuesday, May 22nd. They issued an overweight rating and a $20.00 target price on the stock. Bank of America assumed coverage on shares of Goosehead Insurance in a research note on Tuesday, May 22nd. They set a buy rating and a $19.00 price target for the company. Finally, William Blair assumed coverage on shares of Goosehead Insurance in a research note on Wednesday, May 23rd. They set an outperform rating for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $24.25.

Goosehead Insurance stock opened at $26.59 on Friday. Goosehead Insurance has a twelve month low of $10.78 and a twelve month high of $29.73. The company has a debt-to-equity ratio of -1.80, a current ratio of 3.60 and a quick ratio of 3.60.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Tuesday, August 7th. The company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.74). The firm had revenue of $14.79 million for the quarter, compared to analysts’ expectations of $13.80 million. research analysts predict that Goosehead Insurance will post 0.27 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers purchased a new position in shares of Goosehead Insurance during the 2nd quarter worth about $217,000. Thompson Davis & CO. Inc. purchased a new position in shares of Goosehead Insurance during the 2nd quarter worth about $318,000. TD Asset Management Inc. purchased a new position in shares of Goosehead Insurance during the 2nd quarter worth about $367,000. Brighton Jones LLC purchased a new position in shares of Goosehead Insurance during the 2nd quarter worth about $422,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of Goosehead Insurance during the 2nd quarter worth about $457,000. 75.58% of the stock is owned by hedge funds and other institutional investors.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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