Short Interest in Goosehead Insurance, Inc (NASDAQ:GSHD) Decreases By 7.3%

Goosehead Insurance, Inc (NASDAQ:GSHD) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 3,430,000 shares, a decrease of 7.3% from the October 31st total of 3,700,000 shares. Approximately 14.6% of the shares of the company are short sold. Based on an average daily volume of 255,400 shares, the short-interest ratio is currently 13.4 days.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GSHD. JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Royal Bank of Canada lifted their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial raised their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th. BMO Capital Markets increased their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, TD Cowen boosted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $97.90.

Goosehead Insurance Stock Down 0.0 %

Shares of NASDAQ:GSHD traded down $0.01 during trading on Tuesday, reaching $123.48. 50,413 shares of the company traded hands, compared to its average volume of 286,588. The firm has a fifty day simple moving average of $105.82 and a 200 day simple moving average of $84.02. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $130.39. The firm has a market cap of $4.58 billion, a P/E ratio of 171.52, a price-to-earnings-growth ratio of 4.86 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million during 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 quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. Analysts anticipate that Goosehead Insurance will post 0.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Mark Miller sold 58,327 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $90.09, for a total transaction of $195,225.03. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $450,450. This represents a 30.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,255 shares of company stock worth $12,686,800. Insiders own 38.03% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Large investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Goosehead Insurance by 34.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after acquiring an additional 879,959 shares in the last quarter. Wasatch Advisors LP boosted its position in Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock worth $233,872,000 after purchasing an additional 138,571 shares during the period. State Street Corp grew its holdings in Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after purchasing an additional 185,037 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Goosehead Insurance by 0.9% in the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after buying an additional 5,969 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Goosehead Insurance by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after buying an additional 110,832 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.