Predicting Future Price Moves In Goosehead Insurance Inc (GSHD)

Goosehead Insurance Inc (NASDAQ:GSHD) does about 240.13K shares in volume on a normal day but saw 248259 shares change hands in Friday trading. The company now has a market cap of 1.57B USD. Its current market price is $40.66, marking a decrease of -2.02% compared to the previous close of $41.50. The 52 week high reached by this stock is $95.26 whilst the lowest price level in 52 weeks is $29.23. The script in recent trading has seen the stock touch a high of $41.35 and a low of $40.14.

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Goosehead Insurance Inc (GSHD) has a 20-day trading average at $40.76 and the current price is -57.32% off the 52-week high compared with 39.13% distance from its 52-week low. The 50-day simple moving average of the closing price is $38.66 and its 200-day simple moving average is $44.69. If we look at the stock’s price movements over the week, volatility stands at 7.25%, which decreases to 5.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.25 to suggest the stock is neutral.

The consensus objective for the share price is $57.11, suggesting that the stock has a potential upside of 28.8% over the period. The median price target is 25.39% away from the current levels at $54.50.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 06, 2023 when Credit Suisse initiated the stock to “Outperform” and issued a price target of $72.

The current price level is 0.25%, 5.25%, and -9.22% away from its SMA20, SMA50, and SMA200 respectively, with the GSHD price moving above the 50-day SMA on February 17. Goosehead Insurance Inc (GSHD) stock is up 0.87% over the week and 8.14% over the past month. Its price is 18.40% year-to-date and -57.75% over the past year.

The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.24 above consensus estimates by $0.05. GSHD’s earnings per share are forecast to grow by 16.70% this year and 58.90% over next year. Expected sales for next quarter are $53.41 million, which analysts say will come at $203.51 million for the current fiscal year and next year at $267.51 million. In addition, estimates put the company’s current quarterly revenue at an average of $51.28 million.

To reach the target analysts have set, the stock logically needs to grow 28.8 percent from here.

Outstanding shares total 20.89M with insiders holding 5.46% of the shares and institutional holders owning 110.26% of the company’s common stock. The company has a return on investment of 10.10% and return on equity of 40.20%. The price to earnings ratio (P/E ratio) amounts to 3388.33 while the forward price to earnings ratio is 45.84. The beta has a value of 1.23. Price to book ratio is 135.53 and price to sales ratio is 8.19.

According to a U.S. Securities and Exchange Commission filing, Virtus KAR Small Cap Growth Fund has added its position in Goosehead Insurance Inc (GSHD) to 1,790,476 shares, mirroring a recent increase by 100.20%. Virtus KAR Small Cap Growth Fund added 0.9 million shares of Goosehead Insurance Inc common stock bringing its total worth to about $69.92 million at the end of recent close, SEC documents show. Virtus KAR Small Cap Growth Fund isn’t the only investment manager who changed stakes and is followed by American Funds Small Cap World Fu, which added 0.85 million shares to end up with 1,688,000 shares worth $65.92 million. Wasatch Core Growth Fund cut their holdings by -4.33% in the company over the course of the most recent quarter. It now holds a 2.81% position in Goosehead Insurance Inc thanks to 0.59 million shares amounting to $23.2 million.

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