Goosehead Insurance (NASDAQ:GSHD) Trading Down 4.2% – Time to Sell?

Goosehead Insurance (NASDAQ:GSHD) fell 4.2% during mid-day trading on Wednesday . The company traded as low as $35.88 and last traded at $35.89. 116,183 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 466,175 shares. The stock had previously closed at $37.45.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a research note on Thursday, April 23rd. BMO Capital Markets reduced their price objective on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. Finally, Citizens Jmp reduced their price objective on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $65.09.

Goosehead Insurance Trading Down 7.1%

The business has a 50-day moving average of $40.92 and a 200 day moving average of $53.83. The firm has a market capitalization of $1.24 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 1.25 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same period last year, the firm earned $0.26 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. On average, sell-side analysts expect that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Insider Activity

In other Goosehead Insurance news, CFO John Arthur Martin purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $34.73 per share, for a total transaction of $173,650.00. Following the completion of the acquisition, the chief financial officer owned 5,000 shares of the company’s stock, valued at $173,650. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $41.77, for a total value of $3,453,919.53. Following the completion of the transaction, the insider directly owned 7,050,356 shares in the company, valued at approximately $294,493,370.12. This represents a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders bought 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. 38.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Goosehead Insurance

A number of large investors have recently added to or reduced their stakes in GSHD. Phocas Financial Corp. purchased a new position in Goosehead Insurance in the fourth quarter valued at about $3,669,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Goosehead Insurance by 43,893.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock worth $4,795,000 after purchasing an additional 64,963 shares during the last quarter. UBS Group AG raised its holdings in shares of Goosehead Insurance by 26.7% in the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock worth $11,491,000 after purchasing an additional 32,920 shares during the period. M&T Bank Corp lifted its stake in Goosehead Insurance by 1,075.4% in the fourth quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after purchasing an additional 105,979 shares during the last quarter. Finally, Jacobson & Schmitt Advisors LLC lifted its stake in Goosehead Insurance by 31.8% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 136,553 shares of the company’s stock valued at $10,162,000 after purchasing an additional 32,981 shares during the last quarter.

Goosehead Insurance Company Profile

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.