GSHD Stock Summary and Trading Ideas (Goosehead Insurance - Class A | NASDAQ:GSHD)

Goosehead Insurance Inc operates as an insurance agency. Its insurance products consist of homeowner's insurance; auto insurance; other personal lines products including flood, wind and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance (motorcycle, recreational vehicle and other insurance); commercial lines insurance (general liability, property, and auto insurance for small businesses); and life insurance. Geographically, it operates in Texas, California, Illinois, Florida, and other regions.

Goosehead Insurance - Class A trades on the NASDAQ stock market under the symbol GSHD.

As of April 17, 2024, GSHD stock price climbed to $56.50 with 378,700 million shares trading.

GSHD has a beta of 1.15, meaning it tends to be more sensitive to market movements. GSHD has a correlation of 0.10 to the broad based SPY ETF.

GSHD has a market cap of $1.42 billion. This is considered a Small Cap stock.

Last quarter Goosehead Insurance - Class A reported $63 million in Revenue and $.28 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.05.

In the last 3 years, GSHD stock traded as high as $181.30 and as low as $29.23.

The top ETF exchange traded funds that GSHD belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

GSHD has underperformed the market in the last year with a price return of +7.8% while the SPY ETF gained +23.0%. GSHD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.1% and -14.8%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

GSHD support price is $54.52 and resistance is $58.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GSHD stock will trade within this expected range on the day.