Kayne Anderson Rudnick Investment has recently announced that it has increased stake in Goosehead Insurance Inc (NASDAQ:GSHD) by 62.53%. After grabbing 3.07 million shares, the institutional investor is now in possession of 1.18 million shares of the Financial Company. The new investment brought the stake of investor firm to 14.54% having worth around $124.84 million. Moreover, The Vanguard Group, Inc. increased its share by 41386.0 to have a control over 1.72 million shares. And BlackRock Fund Advisors raised its holdings to 48534.0 shares by acquiring 1.15 million shares or 5.46% of the stake.
Goosehead Insurance Inc (GSHD) concluded trading on 01/11/23 at a closing price of $36.97, with 0.45 million shares of worth about $16.59 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -31.69% during that period and on Wednesday the price saw a gain of about 6.94%. Currently the company’s common shares owned by public are about 20.89M shares, out of which, 19.99M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the GSHD stock and their offered price forecasts bring an average price target of $66.13. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $100.00 and could fall to a lowest price of $29.00. The stock’s current price level is 40.37% above of average price target set by the analysts, while a rise to estimated low would result in loss of -27.48% for the stock. However, touching the estimated high of $100.00 would mean a gain of 63.03% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 67,621 shares in 8 of the transactions. In 13 selling transactions, insiders dumped 95,091 shares.
Virtus KAR Small Cap Growth Fund, American Funds Small Cap World Fu, and Wasatch Core Growth Fund are the top 3 mutual funds which are holding stakes in Goosehead Insurance Inc Virtus KAR Small Cap Growth Fund is currently holding 1.79 million shares of worth totaling $72.71 million. The company recently came buying 0.9 million shares which brought its stake up to 8.47% of the company’s outstanding shares. American Funds Small Cap World Fu sold -0.31 million shares, after which its hold over company’s outstanding shares shrunk to 3.96%, leaving 0.84 million shares with the mutual fund that have a worth of about $34.05 million. Wasatch Core Growth Fund, after selling 0.62 million shares, have now control over 2.94% of the stake in the company. It holds 74016.0 shares of worth $25.22 million.
Goosehead Insurance Inc (NASDAQ: GSHD) started trading at $34.77, above $0.2 from concluding price of the previous day. However, the stock later moved at a day high price of 37.41, or with a gain of 6.94%. Stock saw a price change of 5.06% in past 5 days and over the past one month there was a price change of -8.31%. Year-to-date (YTD), GSHD shares are showing a performance of 7.66% which decreased to -65.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.23 but also hit the highest price of $113.25 during that period. The average intraday trading volume for Goosehead Insurance Inc shares is 293.86K. The stock is currently trading 0.59% above its 20-day simple moving average (SMA20), while that difference is down -3.67% for SMA50 and it goes to -23.58% lower than SMA200.
Kayne Anderson Rudnick Investment acquired 3.07 million shares of Goosehead Insurance Inc having value of about $124.84 million. Data submitted at the U.S SEC by Kayne Anderson Rudnick Investment revealed that the firm now holds 1.18 million shares in the company valued at close to $43724049.3, or have control over 62.53% stake in the company. Holding of mutual funds in the company is about 52.98% while other institutional holders and individual stake holders have control over 54.42% and 11.43% of the stake respectively.
The stock has a current market capitalization of $1.38B and its 3Y-monthly beta is at 1.22. PE ratio of stock for trailing 12 months is 3080.83, while it has posted earnings per share of $0.01 in the same period. Its PEG reads 157.99 while making debt-to-equity ratio of 19.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GSHD, volatility over the week remained 7.93% while standing at 6.10% over the month.
Analysts are in expectations that Goosehead Insurance Inc (GSHD) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.9 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.05 which is $0.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -48.60% while it is estimated to increase by 59.86% in next year. EPS is likely to grow at an annualized rate of 19.50% for next 5-years, compared to annual growth of 14.00% made by the stock over the past 5-years.
Analysts at 9 brokerage firms have issued recommendations for the Goosehead Insurance Inc (GSHD)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 9 Wall Street analysts, 5 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by BofA Securities stated Goosehead Insurance Inc (GSHD) stock as an Underperform in their note to investors on October 18, 2021, suggesting a price target of $154 for the stock. On September 09, 2021, JMP Securities Initiated their recommendations, while on September 08, 2021, Truist Initiated their ratings for the stock with a price target of $155. Stock get a Neutral rating from JP Morgan on July 01, 2021.