Goosehead Insurance Inc [NASDAQ: GSHD] stock went on a downward path that fall over -3.70% on Friday, amounting to a one-week price increase of more than 11.93%.
Over the last 12 months, GSHD stock rose by 56.65%. The one-year Goosehead Insurance Inc stock forecast points to a potential downside of -2.43. The average equity rating for GSHD stock is currently 2.08, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.10 billion, with 24.37 million shares outstanding and 23.55 million shares in the current float. Compared to the average trading volume of 254.39K shares, GSHD stock reached a trading volume of 257711 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Goosehead Insurance Inc [GSHD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GSHD shares is $107.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GSHD stock is a recommendation set at 2.08. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Goosehead Insurance Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 22, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $98 to $94. The new note on the price target was released on August 15, 2024, representing the official price target for Goosehead Insurance Inc stock. Previously, the target price had yet another raise to $105, while TD Cowen analysts kept a Outperform rating on GSHD stock.
The Average True Range (ATR) for Goosehead Insurance Inc is set at 4.12, with the Price to Sales ratio for GSHD stock in the period of the last 12 months amounting to 14.44. The Price to Book ratio for the last quarter was 46.09, with the Price to Cash per share for the same quarter was set at 1.35. Price to Free Cash Flow for GSHD in the course of the last twelve months was 57.27.
GSHD Stock Performance Analysis:
Goosehead Insurance Inc [GSHD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.93. With this latest performance, GSHD shares gained by 1.81% in over the last four-week period, additionally plugging by 82.04% over the last 6 months – not to mention a rise of 56.65% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GSHD stock in for the last two-week period is set at 58.78, with the RSI for the last a single of trading hit 54.83, and the three-weeks RSI is set at 51.08 for Goosehead Insurance Inc [GSHD]. The present Moving Average for the last 50 days of trading for this stock 114.20, while it was recorded at 109.22 for the last single week of trading, and 84.34 for the last 200 days.
GSHD Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GSHD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Goosehead Insurance Inc go to 22.73%.
Goosehead Insurance Inc [GSHD] Institutonal Ownership Details
There are presently around $110.48%, or 114.71%% of GSHD stock, in the hands of institutional investors. The top three institutional holders of GSHD stocks are: BLACKROCK INC. with ownership of 3.68 million shares, which is approximately 14.9079%. KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC, holding 3.43 million shares of the stock with an approximate value of $$196.96 million in GSHD stocks shares; and KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC, currently with $$144.72 million in GSHD stock with ownership which is approximately 10.2035%.
