Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $99.20 Consensus Price Target from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $99.20.

Several analysts have issued reports on GSHD shares. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Royal Bank of Canada lifted 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 increased their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. Piper Sandler lifted their target price on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Finally, BMO Capital Markets increased their price target on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th.

Goosehead Insurance Stock Up 4.5 %

Shares of GSHD opened at $112.44 on Friday. The stock has a 50 day moving average price of $109.43 and a 200 day moving average price of $100.80. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39. 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 capitalization of $4.17 billion, a price-to-earnings ratio of 156.17, a PEG ratio of 5.05 and a beta of 1.43.

Goosehead Insurance Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a dividend of $5.91 per share. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in GSHD. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance in the third quarter valued at about $29,000. GAMMA Investing LLC boosted its stake in shares of Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after buying an additional 231 shares in the last quarter. R Squared Ltd acquired a new position in Goosehead Insurance during the fourth quarter worth $39,000. Blue Trust Inc. raised its position in Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after acquiring an additional 403 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in Goosehead Insurance in the third quarter valued at $60,000.

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.