Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $115.00 at JMP Securities

Goosehead Insurance (NASDAQ:GSHD) had its target price raised by equities researchers at JMP Securities from $100.00 to $115.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 5.90% from the company’s current price.

Other research analysts have also issued reports about the stock. Piper Sandler lifted their price objective on shares of Goosehead Insurance from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and cut their price target for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $84.00 price target (down from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. Truist Financial raised their target price on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $89.40.

Goosehead Insurance Trading Up 0.4 %

NASDAQ GSHD opened at $108.59 on Thursday. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $109.95. The firm has a 50 day moving average of $89.01 and a two-hundred day moving average of $73.10. The stock has a market capitalization of $4.13 billion, a PE ratio of 175.15, a price-to-earnings-growth ratio of 4.72 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. During the same quarter last year, the company earned $0.28 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, research analysts expect that Goosehead Insurance will post 0.76 EPS for the current fiscal year.

Insider Activity at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 10,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total transaction of $953,500.00. Following the transaction, the insider now directly owns 5,000 shares in the company, valued at $476,750. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Chairman Mark Evan Jones sold 8,977 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $82.33, for a total value of $739,076.41. Following the transaction, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,248,000.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Patrick Ryan Langston sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total value of $953,500.00. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $476,750. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,798 shares of company stock worth $6,310,613. 48.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds and other institutional investors have recently bought and sold shares of GSHD. Vanguard Group Inc. lifted its holdings in Goosehead Insurance by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after buying an additional 46,861 shares in the last quarter. Sei Investments Co. grew its position in shares of Goosehead Insurance by 16.4% during the first quarter. Sei Investments Co. now owns 123,967 shares of the company’s stock worth $8,259,000 after buying an additional 17,443 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Goosehead Insurance by 30.4% in the second 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 in the last quarter. Quarry LP boosted its stake in Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Goosehead Insurance in the 2nd quarter worth about $408,000.

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.