Short Interest in Goosehead Insurance, Inc (NASDAQ:GSHD) Grows By 26.1%

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

Goosehead Insurance Stock Up 0.1 %

NASDAQ:GSHD traded up $0.06 during trading hours on Tuesday, reaching $56.91. The company’s stock had a trading volume of 447,988 shares, compared to its average volume of 306,000. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $2.16 billion, a P/E ratio of 91.19, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28. The stock has a 50 day moving average price of $68.19 and a two-hundred day moving average price of $72.33. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $92.76.

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

Insider Activity at Goosehead Insurance

In other news, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Mark Miller purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $58.06 per share, with a total value of $580,600.00. Following the purchase, the chief operating officer now owns 30,000 shares in the company, valued at $1,741,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $186,315.08. The disclosure for this sale can be found here. In the last quarter, insiders acquired 17,582 shares of company stock valued at $1,141,849 and sold 68,617 shares valued at $5,291,137. 38.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Goosehead Insurance

Several institutional investors have recently bought and sold shares of the company. USA Financial Formulas boosted its holdings in Goosehead Insurance by 5,350.0% in the fourth quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after purchasing an additional 321 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Goosehead Insurance during the 4th quarter valued at about $35,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Goosehead Insurance in the 1st quarter valued at about $35,000. Harvest Fund Management Co. Ltd purchased a new position in Goosehead Insurance in the 3rd quarter worth approximately $37,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Goosehead Insurance during the 1st quarter worth approximately $67,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on GSHD. JMP Securities reiterated a “market outperform” rating and issued a $100.00 price target on shares of Goosehead Insurance in a report on Monday, April 15th. TD Cowen began coverage on Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price on the stock. Truist Financial lowered their target price on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. BMO Capital Markets cut their price target on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

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.