Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $74.00 Consensus Price Target from Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $74.00.

Several equities research analysts recently commented on the stock. TD Cowen cut their price target on shares of Goosehead Insurance from $105.00 to $98.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Truist Financial reduced their target price on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Piper Sandler dropped their price target on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Goosehead Insurance in a research report on Friday, June 28th. Finally, Bank of America increased their price objective on Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, June 11th.

Goosehead Insurance Trading Down 1.1 %

NASDAQ:GSHD opened at $56.83 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $92.76. The stock has a market cap of $2.16 billion, a P/E ratio of 91.66, a P/E/G ratio of 3.74 and a beta of 1.36. The stock has a 50-day simple moving average of $59.90 and a 200-day simple moving average of $68.62.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The firm had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. As a group, analysts anticipate that Goosehead Insurance will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Mark Miller acquired 10,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $58.06 per share, with a total value of $580,600.00. Following the purchase, the chief operating officer now owns 30,000 shares of the company’s stock, valued at approximately $1,741,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 38.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in Goosehead Insurance by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock valued at $1,140,000 after purchasing an additional 161 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after buying an additional 165 shares in the last quarter. Janney Capital Management LLC grew its holdings in Goosehead Insurance by 3.2% during the fourth quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock worth $440,000 after acquiring an additional 181 shares during the period. Verdence Capital Advisors LLC raised its position in Goosehead Insurance by 4.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock worth $419,000 after acquiring an additional 242 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in Goosehead Insurance by 20.8% in the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock valued at $107,000 after acquiring an additional 277 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.