Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $99.20 Average PT from Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have earned an average recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $99.20.

Several equities research analysts have issued reports on GSHD shares. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Truist Financial boosted their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. Piper Sandler boosted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Royal Bank of Canada boosted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, BMO Capital Markets boosted their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th.

Goosehead Insurance Price Performance

GSHD stock opened at $110.83 on Monday. The stock has a market cap of $4.11 billion, a PE ratio of 153.93, a P/E/G ratio of 4.44 and a beta of 1.41. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $130.39. The company has a 50-day moving average price of $114.18 and a 200 day moving average price of $94.85.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. Equities research analysts anticipate that Goosehead Insurance will post 0.84 earnings per share for the current year.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be paid a dividend of $5.91 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s payout ratio is 638.89%.

Insider Buying and Selling

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The disclosure for this sale can be found here. 48.35% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

Several large investors have recently bought and sold shares of GSHD. Rhumbline Advisers grew its position in Goosehead Insurance by 4.6% during the 2nd quarter. Rhumbline Advisers now owns 68,064 shares of the company’s stock worth $3,910,000 after purchasing an additional 2,965 shares during the last quarter. Victory Capital Management Inc. grew its position in Goosehead Insurance by 10.7% during the 2nd quarter. Victory Capital Management Inc. now owns 9,184 shares of the company’s stock worth $528,000 after purchasing an additional 890 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Goosehead Insurance by 10.9% in the 2nd quarter. Arizona State Retirement System now owns 6,709 shares of the company’s stock valued at $385,000 after acquiring an additional 662 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Goosehead Insurance by 30.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock valued at $2,017,000 after acquiring an additional 8,193 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings 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 valued at $24,179,000 after acquiring 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.