Goosehead Insurance hits 6-month low after Q1 revenue miss

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