Piper Sandler Increases Goosehead Insurance (NASDAQ:GSHD) Price Target to $94.00

Goosehead Insurance (NASDAQ:GSHD) had its price objective boosted by research analysts at Piper Sandler from $72.00 to $94.00 in a report released on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential downside of 2.05% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Truist Financial boosted their price target on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. TD Cowen downgraded Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their price target for the company from $98.00 to $94.00 in a report on Thursday, August 15th. UBS Group boosted their price target on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a report on Thursday, August 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $84.10.

Goosehead Insurance Stock Up 1.7 %

GSHD opened at $95.97 on Monday. The company has a market cap of $3.65 billion, a P/E ratio of 154.79, a P/E/G ratio of 4.72 and a beta of 1.35. The business’s 50-day moving average price is $86.54 and its 200-day moving average price is $71.17. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $96.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The company had revenue of $78.10 million for the quarter, compared to the consensus estimate of $74.31 million. During the same quarter in the previous year, the business earned $0.25 EPS. Goosehead Insurance’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts expect that Goosehead Insurance will post 0.76 EPS for the current year.

Insider Transactions at Goosehead Insurance

In other news, Chairman Mark Evan Jones sold 10,418 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.88, for a total transaction of $894,697.84. Following the completion of the transaction, the chairman now directly owns 39,451 shares in the company, valued at $3,388,051.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Mark Evan Jones sold 10,418 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the transaction, the chairman now owns 39,451 shares in the company, valued at approximately $3,388,051.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.09, for a total transaction of $195,225.03. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at $450,450. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,798 shares of company stock valued at $5,357,113 in the last ninety days. 48.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Goosehead Insurance by 34.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock valued at $196,956,000 after purchasing an additional 879,959 shares during the last quarter. Vanguard Group Inc. raised its stake in Goosehead Insurance by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after buying an additional 46,861 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Goosehead Insurance by 17.2% during the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after buying an additional 308,312 shares during the period. Motley Fool Asset Management LLC boosted its stake in shares of Goosehead Insurance by 407.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after buying an additional 428,355 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Goosehead Insurance by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after buying an additional 110,832 shares during the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.