How to Buy Goosehead Insurance Stock
Goosehead Insurance Inc
Goosehead Insurance, Inc. operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States.
Goosehead Insurance stock last closed at $53.16, down 11.69% from the previous day, and has decreased 3.13% in one year. It has underperformed other stocks in the Insurance - Diversified industry by 0.28 percentage points. Goosehead Insurance stock is currently +5.33% from its 52-week low of $50.47, and -42.69% from its 52-week high of $92.76.
There are currently 37.99M GSHD shares outstanding. The market capitalization of GSHD is $2.02B. In the last 24 hours, 1.37M GSHD shares were traded.
How to Buy Goosehead Insurance Stock
Wondering how to invest in Goosehead Insurance stock? Here's how.
- Choose where to buy Goosehead Insurance stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Goosehead Insurance stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Choose your payment method and add your information.
- Evaluate Goosehead Insurance stock: The Goosehead Insurance ticker symbol is GSHD. Is Goosehead Insurance stock a good investment? Should you buy shares of GSHD? How do GSHD's underlying business fundamentals look? Do top analysts think Goosehead Insurance is a good buy? Why has GSHD's stock price moved recently? (Hint: Our stock market research website can help you understand if GSHD is a good stock to buy).
- Place your GSHD trade: Decide if you will purchase GSHD shares at the current market price or use a limit order to buy GSHD shares at a given price.
- Watch your investment in GSHD: Create a watchlist to important notifications about your investment in Goosehead Insurance shares.
Step 1: Choose where to buy Goosehead Insurance stock
You need an online brokerage account to access the NASDAQ market and buy GSHD stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal details so you are able to invest in GSHD stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
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Step 3: Deposit money your investment account
Now that you have filled out your info on stock market apps, you can securely and quickly fund your account:
Check out this video walkthrough if you need help transferring money into your brokerage account.
Step 4: Evaluate Goosehead Insurance stock
Once you have decided on the best place to buy Goosehead Insurance stock, it's important to analyze their stock before you buy, so you truly comprehend the risk as well as the opportunity.
Goosehead Insurance Metrics
Goosehead Insurance Overview
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on GSHD's stock page.
Is GSHD stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge GSHD's fair value.
Using relative valuations ratios:
- GSHD may be overvalued based on its P/E ratio of 80.55x, relative to Insurance - Diversified industry P/E ratio of 9.66x
- GSHD could be overvalued based on its P/B ratio of 29.99x, relative to Insurance - Diversified industry P/B ratio of 1.55x
- GSHD may be overvalued based on its PEG ratio of 3.49x
You can access more valuation research on GSHD's stock here.
A look at GSHD Cashflows and Balance Sheet
Positive Health Checks:
- GSHD profit margin has gone up from 1.2% to 6% in the past year.
- There are more short-term assets than short-term liabilities on the GSHD balance sheet.
- GSHD's operating cash flow of $63.26M allows it to safely service it's debt of $139.55M.
Negative Health Checks:
- Total GSHD debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the GSHD balance sheet.
- GSHD earnings of $23.29M is not enough to cover its interest payments.
- GSHD has a relatively high debt to equity ratio of 5.02.
Is Goosehead Insurance stock a Buy, Hold, or Sell, according to analysts?
Out of 7 Wall Street analysts who give recommendations on GSHD, the consensus analyst rating on GSHD is a Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Latest GSHD Analyst Ratings
Matthew Carletti, a top 1% analyst from JMP Securities reiterates GSHD with a buy rating and maintains their GSHD price target from $100.00 to $100.00, on Apr 15, 2024.
Michael Zaremski, a top 25% analyst from BMO Capital maintains GSHD with a buy rating and lowers their GSHD price target from $95.00 to $90.00, on Mar 28, 2024.
BMO Capital's Michael Zaremski lowered their price target on Goosehead Insurance (NASDAQ: GSHD) by 5.3% from $95 to $90 on 2024/03/28. The analyst maintained their Buy rating on the stock.
Zaremski told investors that Goosehead Insurance's stock price has dropped 39% since its Q4 and FY 2023 earnings report on 2024/02/21 because revenues have been declining over the past few quarters, while expenses have remained nearly the same.
In response, the company has begun streamlining its workforce, the analyst said.
Zooming out, Zaremski noted that home and auto insurers' profit margins have been falling for the last two years, slowing carriers' motivation to take on new business and making it harder for Goosehead Insurance to launch new franchises.
You can dig deeper into what analysts are projecting on the Goosehead Insurance stock forecast page.
GSHD Momentum
GSHD Growth Metrics
Last year, GSHD earnings were $16.04M. During the past 4 year, GSHD's earnings have gone up by 82.12% per year. This was faster than the Insurance - Diversified industry average of 80.65%.
Last year, GSHD revenue was $267.78M. Over the past 5 year, GSHD's revenue has increased by 31.27% per year. This was faster than the Insurance - Diversified industry average of 13.34%.
You can research GSHD's earnings and revenue performance here.
What are GSHD executives and large shareholders up to?
Over the past 12 months, insiders at GSHD have sold more shares than they have bought.
Robyn Jones Descendants Trust 2014 Mark, 10% Owner of GSHD, was the latest GSHD insider to sell. They sold $593,116.96 worth of GSHD stock on Feb 29, 2024.
Research more about who owns GSHD shares here.
Does GSHD stock generate passive income?
No, Goosehead Insurance doesn't provide an income stream by paying out dividends.
GSHD Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your GSHD trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you require additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Watch your investment in GSHD
Now that you own some GSHD stock, you'll want to keep up with your shares.
Start a watchlist to get notified of the latest news about your GSHD stock.
GSHD Feed
How to Buy Stock in Goosehead Insurance
To summarize, here are the 6 steps to buy stock in Goosehead Insurance:
- Choose where to buy Goosehead Insurance stock
- Sign up for a brokerage account
- Deposit money your investment account
- Evaluate Goosehead Insurance stock
- Place your GSHD trade
- Watch your investment in GSHD
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Goosehead Insurance, click below.
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