The price-to-earnings ratio for Goosehead Insurance Inc (NASDAQ: GSHD) is above average at 110.89x. The 36-month beta value for GSHD is also noteworthy at 1.29. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GSHD is 22.42M, and at present, short sellers hold a 8.88% of that float. The average trading volume of GSHD on March 27, 2024 was 247.51K shares.
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GSHD) stock’s latest price update
Goosehead Insurance Inc (NASDAQ: GSHD)’s stock price has gone decline by -9.89 in comparison to its previous close of 69.85, however, the company has experienced a -16.23% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-18 that Investors interested in Insurance – Multi line stocks are likely familiar with M?nchener R?ckversicherungs-Gesellschaft (MURGY) and Goosehead Insurance (GSHD). But which of these two stocks presents investors with the better value opportunity right now?
GSHD’s Market Performance
GSHD’s stock has fallen by -16.23% in the past week, with a monthly drop of -15.77% and a quarterly drop of -19.82%. The volatility ratio for the week is 5.63% while the volatility levels for the last 30 days are 4.11% for Goosehead Insurance Inc The simple moving average for the past 20 days is -16.49% for GSHD’s stock, with a -11.53% simple moving average for the past 200 days.
Analysts’ Opinion of GSHD
Many brokerage firms have already submitted their reports for GSHD stocks, with TD Cowen repeating the rating for GSHD by listing it as a “Outperform.” The predicted price for GSHD in the upcoming period, according to TD Cowen is $105 based on the research report published on January 10, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see GSHD reach a price target of $84. The rating they have provided for GSHD stocks is “Buy” according to the report published on October 17th, 2023.
BMO Capital Markets gave a rating of “Outperform” to GSHD, setting the target price at $90 in the report published on September 20th of the previous year.
GSHD Trading at -19.29% from the 50-Day Moving Average
After a stumble in the market that brought GSHD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.15% of loss for the given period.
Volatility was left at 4.11%, however, over the last 30 days, the volatility rate increased by 5.63%, as shares sank -15.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.60% lower at present.
During the last 5 trading sessions, GSHD fell by -16.23%, which changed the moving average for the period of 200-days by +1.89% in comparison to the 20-day moving average, which settled at $74.80. In addition, Goosehead Insurance Inc saw -16.97% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GSHD starting from Mark & Robyn Jones Descendants, who sale 50,000 shares at the price of $75.87 back on Feb 29 ’24. After this action, Mark & Robyn Jones Descendants now owns 0 shares of Goosehead Insurance Inc, valued at $3,793,343 using the latest closing price.
Cruzado Waded, the Director of Goosehead Insurance Inc, purchase 250 shares at $75.10 during a trade that took place back on Feb 28 ’24, which means that Cruzado Waded is holding 343 shares at $18,775 based on the most recent closing price.
Stock Fundamentals for GSHD
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.42 for the gross margin
The net margin for Goosehead Insurance Inc stands at 0.05. The total capital return value is set at 0.1. Equity return is now at value 42.07, with 4.18 for asset returns.
Based on Goosehead Insurance Inc (GSHD), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is -5.02.
Currently, EBITDA for the company is 45.83 million with net debt to EBITDA at -8.87. When we switch over and look at the enterprise to sales, we see a ratio of 6.42. The receivables turnover for the company is 8.19for trailing twelve months and the total asset turnover is 0.74.
Conclusion
In summary, Goosehead Insurance Inc (GSHD) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
