The price of Goosehead Insurance Inc (NASDAQ: GSHD) closed at $58.87 in the last session, down -2.87% from day before closing price of $60.61. In other words, the price has decreased by -$1.74 from its previous closing price. On the day, 545924 shares were traded. GSHD stock price reached its highest trading level at $59.39 during the session, while it also had its lowest trading level at $55.54.
Ratios:
We take a closer look at GSHD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.89. In the meantime, Its Debt-to-Equity ratio is 2.53 whereas as Long-Term Debt/Eq ratio is at 2.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on January 10, 2024, initiated with a Outperform rating and assigned the stock a target price of $105.
On October 17, 2023, UBS started tracking the stock assigning a Buy rating and target price of $84.
BMO Capital Markets Upgraded its Market Perform to Outperform on September 20, 2023, whereas the target price for the stock was revised from $86 to $90.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 29 ’24 when Mark & Robyn Jones Descendants sold 50,000 shares for $75.87 per share. The transaction valued at 3,793,343 led to the insider holds 0 shares of the business.
Cruzado Waded bought 250 shares of GSHD for $18,775 on Feb 28 ’24. The Director now owns 343 shares after completing the transaction at $75.10 per share. On Feb 28 ’24, another insider, Mark & Robyn Jones Descendants, who serves as the Member of 10% owner group of the company, sold 36,337 shares for $74.92 each. As a result, the insider received 2,722,501 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GSHD now has a Market Capitalization of 1.53B and an Enterprise Value of 1.63B. As of this moment, Goosehead’s Price-to-Earnings (P/E) ratio for their current fiscal year is 103.72, and their Forward P/E ratio for the next fiscal year is 26.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.65 while its Price-to-Book (P/B) ratio in mrq is 25.99. Its current Enterprise Value per Revenue stands at 6.24.
Stock Price History:
Over the past 52 weeks, GSHD has reached a high of $92.76, while it has fallen to a 52-week low of $50.67. The 50-Day Moving Average of the stock is 75.42, while the 200-Day Moving Average is calculated to be 71.25.
Shares Statistics:
According to the various share statistics, GSHD traded on average about 283.34K shares per day over the past 3-months and 411.92k shares per day over the past 10 days. A total of 24.97M shares are outstanding, with a floating share count of 22.42M. Insiders hold about 10.63% of the company’s shares, while institutions hold 102.38% stake in the company. Shares short for GSHD as of Mar 15, 2024 were 1.97M with a Short Ratio of 7.32, compared to 1.8M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.85% and a Short% of Float of 10.80%.
Earnings Estimates
The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.29 and a low estimate of $0.17, while EPS last year was $0.17. The consensus estimate for the next quarter is $0.47, with high estimates of $0.53 and low estimates of $0.42.
Analysts are recommending an EPS of between $1.66 and $1.5 for the fiscal current year, implying an average EPS of $1.59. EPS for the following year is $2.23, with 11 analysts recommending between $2.45 and $1.75.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $65.21M. It ranges from a high estimate of $69M to a low estimate of $62.31M. As of the current estimate, Goosehead Insurance Inc’s year-ago sales were $57.95M, an estimated increase of 12.50% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $80.52M, an increase of 16.20% over than the figure of $12.50% in the same quarter last year. There is a high estimate of $82.21M for the next quarter, whereas the lowest estimate is $77.99M.
A total of 9 analysts have provided revenue estimates for GSHD’s current fiscal year. The highest revenue estimate was $319.49M, while the lowest revenue estimate was $301.25M, resulting in an average revenue estimate of $313.19M. In the same quarter a year ago, actual revenue was $261.28M, up 19.90% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $405.55M in the next fiscal year. The high estimate is $450.31M and the low estimate is $358M. The average revenue growth estimate for next year is up 29.50% from the average revenue estimate for this year.
