Zacks Investment Research upgraded shares of Goosehead Insurance (NASDAQ:GSHD) from a hold rating to a buy rating in a report issued on Wednesday. They currently have $33.00 price target on the stock.
According to Zacks, “Goosehead Insurance Inc. operates as an insurance agency. Its product portfolio includes homeowner’s insurance; auto insurance; other personal lines products including flood, wind and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance, commercial lines insurance and life insurance. Goosehead Insurance Inc. is based in Texas, United States. “
Separately, Keefe, Bruyette & Woods reissued a hold rating and issued a $28.00 price target on shares of Goosehead Insurance in a report on Thursday, August 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $25.00.
NASDAQ:GSHD traded down $0.77 during trading hours on Wednesday, reaching $27.54. The company had a trading volume of 46,515 shares, compared to its average volume of 150,635. Goosehead Insurance has a 1-year low of $10.78 and a 1-year high of $38.18. The company has a debt-to-equity ratio of -1.80, a current ratio of 3.60 and a quick ratio of 3.60.
Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Tuesday, August 7th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.74). The business had revenue of $14.79 million during the quarter, compared to the consensus estimate of $13.80 million. As a group, equities analysts anticipate that Goosehead Insurance will post 0.28 earnings per share for the current year.
Large investors have recently made changes to their positions in the business. Gilder Gagnon Howe & Co. LLC acquired a new position in Goosehead Insurance in the second quarter valued at approximately $55,822,000. Wasatch Advisors Inc. purchased a new stake in shares of Goosehead Insurance in the second quarter valued at approximately $4,534,000. American Century Companies Inc. purchased a new stake in shares of Goosehead Insurance in the second quarter valued at approximately $5,753,000. Laurion Capital Management LP purchased a new stake in shares of Goosehead Insurance in the second quarter valued at approximately $3,744,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Goosehead Insurance in the second quarter valued at approximately $839,000. 75.64% of the stock is owned by institutional investors.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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