Goosehead Insurance (NASDAQ:GSHD) Shares Down 4.6% – Time to Sell?

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) were down 4.6% on Thursday . The company traded as low as $98.35 and last traded at $98.48. Approximately 34,465 shares changed hands during trading, a decline of 85% from the average daily volume of 227,265 shares. The stock had previously closed at $103.25.

Analyst Ratings Changes

Several research firms have issued reports on GSHD. Truist Financial increased their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JMP Securities upped their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. Piper Sandler lifted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Goosehead Insurance has an average rating of “Hold” and an average price target of $99.20.

Goosehead Insurance Trading Down 1.0 %

The business has a 50 day moving average of $112.76 and a 200-day moving average of $97.14. The stock has a market cap of $3.74 billion, a PE ratio of 140.10, a price-to-earnings-growth ratio of 4.23 and a beta of 1.41. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share. On average, analysts anticipate that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be issued a $5.91 dividend. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date is Tuesday, January 21st.

Insiders Place Their Bets

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the transaction, the chief executive officer now owns 30,000 shares of the company’s stock, valued at $3,306,600. This represents a 66.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 48.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several large investors have recently added to or reduced their stakes in GSHD. Whittier Trust Co. of Nevada Inc. purchased a new stake in Goosehead Insurance in the 3rd quarter valued at about $29,000. GAMMA Investing LLC raised its stake in Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares during the period. R Squared Ltd acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at $39,000. Blue Trust Inc. boosted its holdings in shares of Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after purchasing an additional 403 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after buying an additional 787 shares during the period.

About Goosehead Insurance

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.