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Goosehead Insurance Inc (NASDAQ: GSHD) closed the day trading at $56.85 up 2.43% from the previous closing price of $55.50. In other words, the price has increased by $2.43 from its previous closing price. On the day, 0.55 million shares were traded. GSHD stock price reached its highest trading level at $58.14 during the session, while it also had its lowest trading level at $55.67.
Ratios:
For a better understanding of GSHD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.64. In the meantime, Its Debt-to-Equity ratio is 2.07 whereas as Long-Term Debt/Eq ratio is at 1.79.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2108378880 and an Enterprise Value of 1484135936. As of this moment, Goosehead’s Price-to-Earnings (P/E) ratio for their current fiscal year is 91.40, and their Forward P/E ratio for the next fiscal year is 27.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.33 while its Price-to-Book (P/B) ratio in mrq is 21.30. Its current Enterprise Value per Revenue stands at 5.569 whereas that against EBITDA is 35.384.
Stock Price History:
The Beta on a monthly basis for GSHD is 1.31, which has changed by -0.019827604 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, GSHD has reached a high of $92.76, while it has fallen to a 52-week low of $50.47. The 50-Day Moving Average of the stock is -18.06%, while the 200-Day Moving Average is calculated to be -19.92%.
Shares Statistics:
Over the past 3-months, GSHD traded about 334.95K shares per day on average, while over the past 10 days, GSHD traded about 485460 shares per day. A total of 24.97M shares are outstanding, with a floating share count of 22.29M. Insiders hold about 11.16% of the company’s shares, while institutions hold 102.61% stake in the company. Shares short for GSHD as of 1713139200 were 2611718 with a Short Ratio of 7.80, compared to 1710460800 on 1969859. Therefore, it implies a Short% of Shares Outstanding of 2611718 and a Short% of Float of 14.29.
Earnings Estimates
Current recommendations for the stock of the company come from 10.0 analysts. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.52 and a low estimate of $0.3, while EPS last year was $0.41. 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 $1.65 and $1.39 for the fiscal current year, implying an average EPS of $1.53. EPS for the following year is $2.12, with 11.0 analysts recommending between $2.43 and $1.6.
Revenue Estimates
7 analysts predict $76.71M in revenue for the current quarter. It ranges from a high estimate of $82.21M to a low estimate of $72.09M. As of the current estimate, Goosehead Insurance Inc’s year-ago sales were $69.28MFor the next quarter, 7 analysts are estimating revenue of $82.95M. There is a high estimate of $87.94M for the next quarter, whereas the lowest estimate is $78M.
A total of 9 analysts have provided revenue estimates for GSHD’s current fiscal year. The highest revenue estimate was $317.5M, while the lowest revenue estimate was $290.24M, resulting in an average revenue estimate of $304.67M. In the same quarter a year ago, actual revenue was $261.28MBased on 9 analysts’ estimates, the company’s revenue will be $390.04M in the next fiscal year. The high estimate is $450.31M and the low estimate is $340M.
