Goosehead Insurance Inc (NASDAQ: GSHD) is 9.14% higher on its value in year-to-date trading and has touched a low of $47.59 and a high of $122.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GSHD stock was last observed hovering at around $114.59 in the last trading session, with the day’s loss setting it -4.24%.
Currently trading at $110.35, the stock is 8.33% and 1.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.26 million and changing -3.70% at the moment leaves the stock 38.43% off its SMA200. GSHD registered 56.65% gain for a year compared to 6-month gain of 82.04%. The firm has a 50-day simple moving average (SMA 50) of $114.2029 and a 200-day simple moving average (SMA200) of $84.33502.
The stock witnessed a 1.81% loss in the last 1 month and extending the period to 3 months gives it a 17.72%, and is 11.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.19% over the week and 3.93% over the month.
Goosehead Insurance Inc (GSHD) has around 1415 employees, a market worth around $4.10B and $283.60M in sales. Current P/E ratio is 151.73 and Fwd P/E is 55.96. Profit margin for the company is 6.77%. Distance from 52-week low is 131.86% and -10.26% from its 52-week high. The company has generated returns on investments over the last 12 months (9.93%).
The EPS is expected to grow by 20.17% this year.
Goosehead Insurance Inc (GSHD) Top Institutional Holders
311.0 institutions hold shares in Goosehead Insurance Inc (GSHD), with institutional investors hold 114.71% of the company’s shares. The shares outstanding are 24.37M, and float is at 23.55M with Short Float at 13.03%. Institutions hold 110.48% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.68 million shares valued at $211.45 million. The investor’s holdings represent 14.9079% of the GSHD Shares outstanding. As of 2024-06-30, the second largest holder is KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC with 3.43 million shares valued at $196.96 million to account for 13.8861 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.52 million shares representing 10.2035% and valued at over $144.72 million, while WASATCH ADVISORS LP holds 10.0448 of the shares totaling 2.48 million with a market value of $142.47 million.
Goosehead Insurance Inc (GSHD) Insider Activity
The most recent transaction is an insider sale by Miller Mark, the company’s President and CEO. SEC filings show that Miller Mark sold 58,327 shares of the company’s common stock on Nov 07 ’24 at a price of $110.22 per share for a total of $6.43 million. Following the sale, the insider now owns 30000.0 shares.
Goosehead Insurance Inc disclosed in a document filed with the SEC on Nov 06 ’24 that Miller Mark (President and CEO) sold a total of 3,295 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $110.00 per share for $0.36 million. Following the transaction, the insider now directly holds 30000.0 shares of the GSHD stock.
Still, SEC filings show that on Nov 07 ’24, Miller Mark (Officer) Proposed Sale 58,327 shares at an average price of $110.21 for $6.43 million. The insider now directly holds shares of Goosehead Insurance Inc (GSHD).
