Analysts Set Goosehead Insurance, Inc (NASDAQ:GSHD) PT at $97.90

Goosehead Insurance, Inc (NASDAQ:GSHD) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $97.90.

Several research firms have commented on GSHD. TD Cowen upped their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Royal Bank of Canada raised their target price on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Piper Sandler boosted their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. JMP Securities raised their price target on Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial upped their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th.

Insider Buying and Selling

In related news, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at $3,306,600. The trade was a 66.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total value of $4,402,024.88. The disclosure for this sale can be found here. Insiders have sold 117,441 shares of company stock worth $12,252,288 in the last ninety days. 38.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Goosehead Insurance

Hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Goosehead Insurance during the third quarter valued at approximately $29,000. GAMMA Investing LLC raised its stake in Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after purchasing an additional 231 shares during the period. Cullen Frost Bankers Inc. raised its stake in Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after purchasing an additional 210 shares during the period. Blue Trust Inc. lifted its holdings 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 purchasing an additional 403 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after buying an additional 787 shares during the period.

Goosehead Insurance Trading Up 0.5 %

Shares of NASDAQ GSHD opened at $104.94 on Thursday. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 145.75, a price-to-earnings-growth ratio of 4.51 and a beta of 1.38. 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 stock’s 50 day simple moving average is $114.03 and its 200 day simple moving average is $89.98.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. Equities research analysts expect that Goosehead Insurance will post 0.84 EPS for the current year.

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.