Bank of America Forecasts Strong Price Appreciation for Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) had its price target boosted by equities researchers at Bank of America from $39.00 to $43.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s price target indicates a potential downside of 64.99% from the company’s previous close.

GSHD has been the subject of several other reports. Truist Financial reaffirmed a “hold” rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday. TD Cowen increased their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Piper Sandler increased 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. JPMorgan Chase & Co. increased their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, BMO Capital Markets increased their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $105.10.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $122.82 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a fifty day simple moving average of $108.04 and a 200 day simple moving average of $103.14. The company has a market cap of $4.56 billion, a P/E ratio of 170.59, a P/E/G ratio of 5.17 and a beta of 1.43. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $130.39.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Goosehead Insurance during the fourth quarter worth $39,000. Blue Trust Inc. boosted its position in shares of Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance in the third quarter valued at about $63,000. Kestra Investment Management LLC bought a new stake in Goosehead Insurance during the fourth quarter worth about $63,000. Finally, Smartleaf Asset Management LLC lifted its position in Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after purchasing an additional 509 shares during the period.

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.