Goosehead Insurance (NASDAQ:GSHD) Price Target Increased to $94.00 by Analysts at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD) had its target price raised by research analysts at Piper Sandler from $72.00 to $94.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 3.89% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Truist Financial boosted their target price 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. UBS Group increased their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their target price for the company from $98.00 to $94.00 in a report on Thursday, August 15th. BMO Capital Markets downgraded shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a report on Thursday, August 22nd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. 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 stock. According to data from MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and a consensus target price of $84.10.

Goosehead Insurance Stock Down 0.1 %

GSHD stock opened at $90.48 on Monday. The stock has a fifty day moving average of $86.14 and a 200-day moving average of $70.77. Goosehead Insurance has a fifty-two week low of $50.47 and a fifty-two week high of $94.90. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 145.94, a PEG ratio of 4.72 and a beta of 1.35. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The firm had revenue of $78.10 million during the quarter, compared to analyst estimates of $74.31 million. During the same quarter last year, the business earned $0.25 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts predict that Goosehead Insurance will post 0.76 earnings per share for the current year.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at $425,950. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Chairman Mark Evan Jones sold 8,977 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $82.33, for a total transaction of $739,076.41. Following the transaction, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,248,000.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at $425,950. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,798 shares of company stock worth $5,357,113. Insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after acquiring an additional 165 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after purchasing an additional 210 shares during the last quarter. GAMMA Investing LLC boosted its position in Goosehead Insurance by 195.8% during 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 during the period. Harbor Investment Advisory LLC grew its stake in shares of Goosehead Insurance by 20.8% during the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock valued at $107,000 after buying an additional 277 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of Goosehead Insurance by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 21,398 shares of the company’s stock worth $1,426,000 after buying an additional 279 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.