Goosehead Insurance's stock surged 8.73% in the pre-market session on Tuesday, following the company's robust financial performance for 2024 and positive analyst commentary.
Goosehead Insurance reported a 20% total revenue growth and a remarkable 29% premium growth for 2024, driven by a thriving franchise distribution network and strategic expansion of its corporate and franchise agent count. The company achieved a record EBITDA margin of 32%, showcasing efficient cost management and profitability.
Analysts from JMP Securities and Citizens JMP raised their price targets on the stock, citing the company's strong growth prospects and operational excellence. Goosehead Insurance is leveraging technology advancements, such as quote-to-issue platforms and AI tools, to enhance operational efficiency and client service, positioning the company for continued success.
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