Goosehead Insurance (NASDAQ:GSHD) Short Interest Update

by · The Cerbat Gem

Goosehead Insurance (NASDAQ:GSHDGet Free Report) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,130,640 shares, a decrease of 18.7% from the March 15th total of 2,619,898 shares. Approximately 11.3% of the shares of the stock are sold short. Based on an average daily volume of 494,513 shares, the days-to-cover ratio is presently 4.3 days.

Wall Street Analysts Forecast Growth

GSHD has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Goosehead Insurance from $68.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Royal Bank Of Canada initiated coverage on Goosehead Insurance in a report on Tuesday, March 17th. They issued a “hold” rating and a $49.00 price target for the company. Piper Sandler raised Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 price target for the company in a report on Wednesday, February 18th. Keefe, Bruyette & Woods reduced their price target on Goosehead Insurance from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.45.

Check Out Our Latest Stock Analysis on GSHD

Goosehead Insurance Stock Up 5.0%

Shares of Goosehead Insurance stock traded up $2.05 during mid-day trading on Thursday, reaching $43.25. 454,871 shares of the stock traded hands, compared to its average volume of 433,503. The business has a 50-day moving average of $46.52 and a 200 day moving average of $62.30. Goosehead Insurance has a fifty-two week low of $39.64 and a fifty-two week high of $114.76. The stock has a market capitalization of $1.58 billion, a PE ratio of 41.59, a PEG ratio of 3.00 and a beta of 1.69.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last announced its earnings results on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The business had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $99.67 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other Goosehead Insurance news, Director Louis Goldberg purchased 5,575 shares of Goosehead Insurance stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $44.85 per share, with a total value of $250,038.75. Following the acquisition, the director owned 5,575 shares of the company’s stock, valued at $250,038.75. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 38.07% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Goosehead Insurance in the fourth quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after purchasing an additional 284 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Goosehead Insurance by 614.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 860 shares during the last quarter.

Goosehead Insurance Company Profile

(Get Free Report)

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.

See Also