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.

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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.

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