Goosehead Insurance (NASDAQ:GSHD) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Goosehead Insurance (NASDAQ:GSHD) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $50.41 and traded as low as $44.42. Goosehead Insurance shares last traded at $46.13, with a volume of 1,057,457 shares.

Goosehead Insurance News Roundup

Here are the key news stories impacting Goosehead Insurance this week:

• Positive Sentiment: Q3 earnings were $0.53 per share, topping the $0.51 analyst consensus and improving from $0.46 a year earlier. The company also gave Q3 revenue guidance of $108.8 million–$110.8 million, above the $105.1 million consensus. Goosehead preliminary Q3 results
• Neutral Sentiment: Goosehead reaffirmed its full-year 2026 earnings guidance. Piper Sandler raised its price target from $48 to $56 but maintained a Neutral rating, suggesting a higher valuation view without a change in its recommendation. Piper Sandler rating information
• Negative Sentiment: The company said previously issued financial statements dating back to 2023 should no longer be relied upon and must be restated to correct GAAP-related issues. It also delayed its full earnings release. This raises concerns about reporting controls and makes the earnings beat less reassuring until investors can assess the corrected results. Goosehead preliminary Q3 results
• Negative Sentiment: Law firms announced investigations into potential securities-law claims following the disclosure. These are allegations and investigations, not findings of wrongdoing, but they add potential legal and reputational risk. Securities investigation announcement

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GSHD. Truist Financial decreased their price objective on shares of Goosehead Insurance from $58.00 to $48.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft set a $80.00 target price on shares of Goosehead Insurance in a research note on Monday, October 12th. Zacks Research downgraded shares of Goosehead Insurance from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. reduced their target price on shares of Goosehead Insurance from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $76.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.08.

Goosehead Insurance Stock Performance

The stock has a 50 day moving average of $50.69 and a 200-day moving average of $50.41. The firm has a market capitalization of $1.64 billion, a P/E ratio of 33.67, a PEG ratio of 2.06 and a beta of 1.51.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Monday, November 9th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $105.90 million for the quarter, compared to the consensus estimate of $105.39 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. During the same period in the prior year, the firm earned $0.46 earnings per share. As a group, sell-side analysts expect that Goosehead Insurance will post 1.45 EPS for the current year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Durable Capital Partners Lp purchased 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were bought at an average cost of $47.32 per share, for a total transaction of $7,098,000.00. Following the purchase, the insider owned 2,720,260 shares of the company’s stock, valued at $128,722,703.20. This represents a 5.84% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $70.00, for a total transaction of $490,000.00. Following the sale, the insider owned 273,027 shares in the company, valued at $19,111,890. The trade was a 2.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 38.07% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds have recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. lifted its holdings in Goosehead Insurance by 30.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,203 shares of the company’s stock worth $55,000 after purchasing an additional 283 shares in the last quarter. Versant Capital Management Inc grew its holdings in Goosehead Insurance by 36.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,057 shares of the company’s stock valued at $48,000 after buying an additional 285 shares in the last quarter. Covestor Ltd increased its position in shares of Goosehead Insurance by 112.0% during the third quarter. Covestor Ltd now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 307 shares during the period. GAMMA Investing LLC increased its position in shares of Goosehead Insurance by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $54,000 after buying an additional 328 shares during the period. Finally, Keeler Thomas Management LLC increased its position in shares of Goosehead Insurance by 5.9% during the third quarter. Keeler Thomas Management LLC now owns 6,063 shares of the company’s stock valued at $275,000 after buying an additional 338 shares during the period.

Goosehead Insurance Company Profile

Goosehead Insurance is an independent insurance agency that distributes personal insurance products through a network of company-operated and franchised locations. The company works with multiple insurance carriers, helping customers compare coverage options and obtain policies. Its offerings include homeowners, automobile, flood, umbrella and other personal insurance products. Goosehead also provides technology and support services to its agents, including tools for quoting, policy management and customer service.