Brokerages Set Goosehead Insurance, Inc (NASDAQ:GSHD) Price Target at $97.90

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have earned a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $97.90.

Several equities research analysts have commented on the company. Truist Financial upped their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JMP Securities lifted their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, TD Cowen lifted their price target on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th.

Insider Transactions at Goosehead Insurance

In related news, major shareholder Patrick Ryan Langston sold 4,814 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $90.26, for a total transaction of $434,511.64. Following the completion of the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $451,300. This trade represents a 49.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares in the company, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 122,255 shares of company stock worth $12,686,800 in the last quarter. Company insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GSHD. Kayne Anderson Rudnick Investment Management LLC lifted its position 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 worth $196,956,000 after purchasing an additional 879,959 shares in the last quarter. Wasatch Advisors LP increased its stake in Goosehead Insurance by 5.6% during the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock worth $233,872,000 after buying an additional 138,571 shares during the period. State Street Corp lifted its holdings in Goosehead Insurance by 21.2% during the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after buying an additional 185,037 shares in the last quarter. Geode Capital Management LLC boosted its position in Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after buying an additional 5,969 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after acquiring an additional 110,832 shares in the last quarter.

Goosehead Insurance Stock Performance

Shares of GSHD opened at $106.19 on Thursday. The stock has a 50-day moving average of $113.54 and a two-hundred day moving average of $88.89. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market cap of $3.94 billion, a P/E ratio of 147.49, a P/E/G ratio of 4.51 and a beta of 1.38. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million during the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. As a group, research analysts predict that Goosehead Insurance will post 0.84 EPS for the current year.

About Goosehead Insurance

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.