The stock of Goosehead Insurance Inc (NASDAQ:GSHD) increased by $9.37 on Tuesday to at $68.95, up 15.73 percent. The last five days have seen an average of 279,368 shares of common stock traded. 36 times new highs were reached in the current year, with a gain of $34.41. The average number of shares traded over the last 20 days was 160,497, while the average volume over the last 50 days totaled 164,407.
GSHD stock appreciated 3.11% since last month. On 08/24/23, the company’s shares reached a one-month low of $58.38. The stock touched a high of $76.36 on 07/27/23, after rallying from a low of $29.23 in 52 weeks. The price of GSHD stock has risen by 100.79% or $34.41 this year, reaching a new high 36 times. Still, the stock price is down -9.70% from the 52-week high.
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Insider Transactions
GSHD stock investors should be aware that Goosehead Insurance Inc (GSHD) stock had its last reported insider trading activity 1 day ago on Aug 28. On Aug 28, Member of 10% owner group Mark & Robyn Jones Descendants sold 7,846 shares at $59.56 each. This transaction resulted in the insider making $467,308. On Aug 25, Mark & Robyn Jones Descendants sold 100 shares at a price of US$60.04. After the transaction, the insider now owns 0 shares. Member of 10% owner group Mark & Robyn Jones Descendants had earlier sold 100 shares on Aug 24 for $60.00 a share. The transaction was completed for $6,000.
Valuation Metrics
Goosehead Insurance Inc (GSHD) has a trailing price-to-earnings (P/E) ratio of 264.18. Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.51, the price-to-book (PB) ratio of 55.16, and the price-to-cash flow ratio of 158.11.
Company paid $1.63 per share in dividends, an increase of 41.8% from $1.1495 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.44, and the total debt to equity ratio is 2.71. Goosehead Insurance Inc’s operating margin stood at 9.60% for the same period. Based on annual data, it had gross profit of $199.26 million and revenue of $209.39 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GSHD’s return on assets (ROA) during the last 12 months has been 1.90%. There was a 7.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 38.00%.
Earnings Surprise
According to Goosehead Insurance Inc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $69.28 million, while revenues rose by 23.47% to $57.96 million. It was predicted that Goosehead Insurance Inc’s quarterly earnings would be $0.41, but it ended up being $0.28, beating the consensus by 46.40%. EBITDA was $13.62 million for the quarter. At the end of Goosehead Insurance Inc’s most recent quarter ended June 29, its liabilities totaled 336.63 million, while its total debt was $150.7 million. Equity owned by shareholders amounts to $37.69 million.
Technical Picture
Here’s a quick look at Goosehead Insurance Inc’s (GSHD) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 73.63%, suggesting the stock is Overbought, with a 77.27% historical volatility rate.
The stochastic %K and %D were 39.02% and 20.47% respectively, while the average true range (ATR) was 2.77. Based on the 14-day stochastic reading of 84.10%, the RSI (14) reading is 66.64%. On the 9-day MACD Oscillator, the stock is at 1.84, and the 14-day reading is at 0.96.
Analyst Ratings
In its analyst report released on February 06, 2023, Credit Suisse began covering Goosehead Insurance Inc (NASDAQ: GSHD). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Goosehead Insurance Inc (GSHD) an Overweight rating. GSHD is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is GSHD’s price target for the next 12 months?
The current consensus forecast for the stock is between $41.00 and $100.00, with a median target price of $76.00. In analyzing these forecasts, the average price target given by analysts for Goosehead Insurance Inc (GSHD) is $72.00.
