Goosehead Insurance Inc (GSHD) Given Consensus Rating of “Buy” by Brokerages

Goosehead Insurance Inc (NASDAQ:GSHD) has been assigned a consensus broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.

Brokerages have set a one year consensus price target of $31.00 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Goosehead Insurance an industry rank of 115 out of 257 based on the ratings given to related companies.

GSHD has been the subject of several research reports. Zacks Investment Research lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 price objective on shares of Goosehead Insurance in a research report on Thursday, August 9th.

Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. grew its stake in Goosehead Insurance by 2,831.7% in the third quarter. Meeder Asset Management Inc. now owns 4,720 shares of the company’s stock valued at $160,000 after acquiring an additional 4,559 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Goosehead Insurance by 394.5% in the 3rd quarter. Wells Fargo & Company MN now owns 5,904 shares of the company’s stock valued at $199,000 after purchasing an additional 4,710 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Goosehead Insurance in the 2nd quarter valued at $217,000. Alliancebernstein L.P. acquired a new stake in shares of Goosehead Insurance in the 3rd quarter valued at $339,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Goosehead Insurance by 38.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 45,759 shares of the company’s stock valued at $1,551,000 after purchasing an additional 12,714 shares in the last quarter. Institutional investors own 75.79% of the company’s stock.

NASDAQ:GSHD traded down $0.83 during trading hours on Monday, reaching $28.32. The company’s stock had a trading volume of 217,575 shares, compared to its average volume of 166,723. Goosehead Insurance has a 12 month low of $10.78 and a 12 month high of $38.18.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $16.05 million during the quarter, compared to the consensus estimate of $15.60 million. On average, sell-side analysts predict that Goosehead Insurance will post 0.26 EPS for the current fiscal year.

About Goosehead Insurance

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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