Healthy Upside Potential: Goosehead Insurance Inc (GSHD)

Goosehead Insurance Inc (NASDAQ: GSHD) stock jumped 1.86% on Wednesday to $40.07 against a previous-day closing price of $39.34. With 0.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.37 million shares. During the session, the Insurance – Diversified company that operates in wider Financial sector, reached to the highest price of $41.44 whereas the lowest price it dropped to was $39.44. The 52-week range on GSHD shows that it touched its highest point at $146.25 and its lowest point at $29.23 during that stretch. It currently has a 1-year price target of $62.00. Beta for the stock currently stands at 1.20.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GSHD was up-trending over the past week, with a rise of 0.75%, but this was up by 15.98% over a month. Three-month performance dropped to -36.08% while six-month performance fell -18.06%. The stock lost -70.56% in the past year, while it has lost -69.20% so far this year. A look at the trailing 12-month EPS for GSHD yields 0.01 with Next year EPS estimates of 0.90. For the next quarter, that number is 0.12. This implies an EPS growth rate of -48.60% for this year and 59.86% for next year. EPS is expected to grow by 19.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.00%.

Float and Shares Shorts:

At present, 20.89 million GSHD shares are outstanding with a float of 19.99 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.1 million, which was 10.21% higher than short shares on Sep 14, 2022. In addition to Mr. Mark E. Jones as the firm’s Co-Founder, Chairman & CEO, Ms. Robyn Mary Elizabeth Jones serves as its Co-Founder & Vice Chairman.

Institutional Ownership:

Through their ownership of 109.76% of GSHD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.47% of GSHD, in contrast to 53.99% held by mutual funds. Shares owned by individuals account for 11.77%. As the largest shareholder in GSHD with 14.96% of the stake, Kayne Anderson Rudnick Investment holds 3,074,160 shares worth 3,074,160. A second-largest stockholder of GSHD, Wasatch Advisors, Inc., holds 2,646,220 shares, controlling over 12.88% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in GSHD, holding 1,723,991 shares or 8.39% stake. With a 4.35% stake in GSHD, the Virtus KAR Small Cap Growth Fund is the largest stakeholder. A total of 894,329 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 4.08% of GSHD stock, is the second-largest Mutual Fund holder. It holds 838,350 shares valued at 34.8 million. Wasatch Core Growth Fund holds 3.02% of the stake in GSHD, owning 621,017 shares worth 25.78 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GSHD since 8 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GSHD analysts setting a high price target of $100.00 and a low target of $29.00, the average target price over the next 12 months is $61.75. Based on these targets, GSHD could surge 149.56% to reach the target high and fall by -27.63% to reach the target low. Reaching the average price target will result in a growth of 54.11% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GSHD will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of $0.80 being high and $0.49 being low. For GSHD, this leads to a yearly average estimate of $0.59. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Goosehead Insurance Inc surprised analysts by $0.05 when it reported $0.24 EPS against a consensus estimate of $0.19. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.16 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.12.

Summary of Insider Activity:

Insiders traded GSHD stock several times over the past three months with 7 Buys and 5 Sells. In these transactions, 37,621 shares were bought while 27,528 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 69,571 while 99,492 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam