Goosehead Insurance, Inc (NASDAQ:GSHD) Short Interest Update

Goosehead Insurance, Inc (NASDAQ:GSHD) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 2,610,000 shares, a growth of 26.1% from the March 31st total of 2,070,000 shares. Based on an average daily volume of 301,800 shares, the short-interest ratio is presently 8.6 days. Approximately 11.5% of the company’s stock are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on GSHD shares. BMO Capital Markets dropped their price objective on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. TD Cowen started coverage on shares of Goosehead Insurance in a report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday. Royal Bank of Canada decreased their target price on Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods reduced their price objective on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Goosehead Insurance has an average rating of “Moderate Buy” and a consensus target price of $80.89.

Goosehead Insurance Stock Performance

GSHD stock traded up $2.34 during trading on Friday, hitting $55.50. The company had a trading volume of 788,743 shares, compared to its average volume of 351,810. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $92.76. The firm has a 50-day moving average price of $68.89 and a 200-day moving average price of $72.42. The company has a quick ratio of 1.82, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The firm has a market cap of $2.11 billion, a PE ratio of 89.52, a price-to-earnings-growth ratio of 3.99 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The business had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. On average, analysts expect that Goosehead Insurance will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total value of $186,315.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark E. Jr. Jones acquired 1,332 shares of the company’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $74.86 per share, for a total transaction of $99,713.52. Following the completion of the transaction, the chief financial officer now owns 1,332 shares in the company, valued at approximately $99,713.52. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. 48.35% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Goosehead Insurance by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock valued at $179,589,000 after purchasing an additional 36,676 shares during the period. Wasatch Advisors LP raised its stake in shares of Goosehead Insurance by 17.2% during the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after buying an additional 308,312 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Goosehead Insurance in the 3rd quarter valued at approximately $23,614,000. Dimensional Fund Advisors LP boosted its stake in shares of Goosehead Insurance by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock valued at $23,354,000 after buying an additional 30,626 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Goosehead Insurance by 14.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company’s stock worth $22,359,000 after acquiring an additional 37,805 shares during the period.

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.