Equity research analysts expect Goosehead Insurance, Inc (NASDAQ:GSHD) to report $36.12 million in revenue for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Goosehead Insurance’s earnings. The highest sales estimate is $36.90 million and the lowest is $35.33 million. Goosehead Insurance posted revenue of $29.92 million in the same quarter last year, indicating positive year-over-year growth of 20.7%. The company is expected to release its next quarterly results on Thursday, July 29.
On average, analysts expect Goosehead Insurance to report full-year revenue of $152.20 million for its current year, with estimates ranging from $150.70 million to $153.70 million. For the next fiscal year, analysts expect the company to post revenue of $211.52 million, with estimates ranging from $207.70 million to $215.33 million. Zacks Investment Research’s sales calculations are an average average based on a survey of sales analysts covering Goosehead Insurance.
GSHD has been the subject of several analyst reports. JPMorgan Chase & Co. started on Monday 24 May in a research note with coverage for Goosehead Insurance. They have set an “overweight” rating and a $100.00 price target for the stock. Zacks Investment Research Goosehead Insurance increased from a “sell” rating to a “hold” rating in a research note on Monday, April 26. Finally, Keefe, Bruyette & Woods upgraded Goosehead Insurance from a “market performance” rating to an “outperform” rating and set a price target of $130.00 for the stock in a research note on Thursday, April 15. Two investment analysts have rated the stock with a hold rating and three have recommended the stock to buy. The company has an average rating of “Buy” and an average price target of $131.20.
Shares of NASDAQ GSHD opened at $91.88 on Thursday. The stock’s 50-day moving average is $97.43. Goosehead Insurance has a one-year low of $62.75 and a one-year high of $174.79. The company has a market cap of $3.38 billion, a PE ratio of 191.42, a P/E/G ratio of 3.87 and a beta of 0.52.
In related news, major shareholder Desiree Coleman sold 14,927 shares of the company in a transaction that took place on Tuesday, May 11. The stock sold at an average price of $93.78, for a total value of $1,399,854.06. Upon completion of the sale, the insider now owns 386,730 shares in the company, valued at $36,267,539.40. The sale was disclosed in a file filed with the Securities & Exchange Commission, which can be accessed at: the SEC website. Major shareholder & Robyn Jones Descendants Mark also sold 34,163 shares of the company in a transaction that took place on Friday, May 21. The shares sold at an average price of $81.53, for a total value of $2,785,309.39. The disclosure for this sale can be found here. Insiders have sold 424,063 shares of the company worth $37,420,661 in the past 90 days. Company insiders own 51.97% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System increased its holdings in shares of Goosehead Insurance by 2.6% in the first quarter. Arizona State Retirement System now owns 4,624 shares of the company worth $496,000 after purchasing an additional 117 shares during the period. The Florida Retirement System State Board of Administration increased its stake in shares of Goosehead Insurance by 3.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 3,881 shares of the company valued at $416,000 after purchasing an additional 130 shares during the period. Prudential Financial Inc. increased its stake in Goosehead Insurance by 6.9% in the first quarter. Prudential Financial Inc. now owns 2,806 shares of the company worth $301,000 after purchasing an additional 180 shares during the period. Great West Life Assurance Co. Can increased its stake in Goosehead Insurance by 24.3% in the first quarter. Great West Life Assurance Co. Can now owns 1,060 shares of the company worth $113,000 after buying an additional 207 shares during the period. Finally, Select Equity Group LP increased its stake in Goosehead Insurance by 8.0% during the fourth quarter. Select Equity Group LP now owns 2,830 shares of the company worth $353,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 47.53% of the company’s stock.
About Goosehead Insurance
Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that offers personal insurance agencies in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers products and services for homeowners, automobiles, housing, flooding, wind, earthquakes, deductibles or umbrellas, motorcycles, recreational vehicles, general liability, property and life insurance.
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