Goosehead Insurance (NASDAQ:GSHD) PT Raised to $109.00 at Royal Bank of Canada

Goosehead Insurance (NASDAQ:GSHD) had its price target boosted by Royal Bank of Canada from $95.00 to $109.00 in a research note released on Thursday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

GSHD has been the topic of several other reports. 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 research note on Friday, July 26th. BMO Capital Markets lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target for the company. in a research report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Truist Financial upped 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, TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their price target for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and an average price target of $89.40.

Goosehead Insurance Stock Up 0.4 %

Goosehead Insurance stock opened at $108.59 on Thursday. The stock has a market capitalization of $4.01 billion, a PE ratio of 152.94, a price-to-earnings-growth ratio of 5.00 and a beta of 1.35. The business has a 50 day simple moving average of $89.01 and a 200-day simple moving average of $73.19. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $109.95.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS 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 company had revenue of $78.04 million during the quarter, compared to analyst estimates of $80.54 million. During the same period in the previous year, the business earned $0.28 EPS. Goosehead Insurance’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts anticipate that Goosehead Insurance will post 0.76 EPS for the current fiscal year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 10,418 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84. Following the sale, the chairman now directly owns 39,451 shares in the company, valued at $3,388,051.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Patrick Ryan Langston sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $95.35, for a total transaction of $953,500.00. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $476,750. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark Evan Jones sold 10,418 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $85.88, for a total transaction of $894,697.84. Following the sale, the chairman now owns 39,451 shares in the company, valued at $3,388,051.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,798 shares of company stock worth $6,310,613. Corporate insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Goosehead Insurance in the 3rd quarter valued at $29,000. GAMMA Investing LLC increased its holdings in 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 during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Goosehead Insurance in the first quarter valued at $35,000. Cullen Frost Bankers Inc. raised 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 valued at $36,000 after buying an additional 210 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after buying an additional 403 shares during the last quarter.

About Goosehead Insurance

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.