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

Goosehead Insurance, Inc (NASDAQ:GSHD)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $110.35, but opened at $105.56. Goosehead Insurance shares last traded at $103.90, with a volume of 36,766 shares.

Analysts Set New Price Targets

GSHD has been the topic of a number of research reports. JMP Securities raised their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Truist Financial increased their target price on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Piper Sandler boosted their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $99.20.

Goosehead Insurance Trading Down 1.4 %

The company has a 50 day moving average of $113.47 and a two-hundred day moving average of $96.79. The stock has a market capitalization of $3.78 billion, a PE ratio of 141.46, a P/E/G ratio of 4.36 and a beta of 1.41. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $78.04 million during the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. Sell-side analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Goosehead Insurance Increases Dividend

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

Insider Activity

In other news, CEO Mark Miller sold 58,327 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of institutional investors have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of Goosehead Insurance in the 4th quarter valued at $39,000. Cottonwood Capital Advisors LLC purchased a new stake in Goosehead Insurance in the fourth quarter valued at $249,000. Janney Montgomery Scott LLC grew its position in Goosehead Insurance by 10.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,880 shares of the company’s stock worth $738,000 after purchasing an additional 679 shares during the period. SG Americas Securities LLC raised its stake in shares of Goosehead Insurance by 885.5% during the 4th quarter. SG Americas Securities LLC now owns 51,662 shares of the company’s stock valued at $5,539,000 after buying an additional 46,420 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Goosehead Insurance by 12.5% in the 4th quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company’s stock valued at $371,000 after buying an additional 385 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.