Goosehead Insurance hits 6-month low after Q1 revenue miss

Goosehead Insurance

24/04/2025 19:08

** Insurance distributor Goosehead Insurance's GSHD.O shares plunge as much as 18.8%; hitting their lowest since October 2024

** Stock last down 16.6% at $88.28

** GSHD late Wednesday reported Q1 revenue slightly below Wall Street expectations, after beating estimates in the previous quarter

** William Blair lowers its annual revenue estimate, says product availability and a challenging housing market remain a headwind for GSHD

     ** Brokerage believes headwinds could improve by the second half of the year, enabling growth to modestly accelerate

** Truist Securities says the flat lining in Texas home sales may have had a more substantial impact on new business in the quarter

** 4 of 10 brokerages rate the stock "buy", 5 "hold" and 1 "sell"; median PT $130 - data compiled by LSEG

** As of last close, GSHD stock up 4.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))