UBS Group Raises Goosehead Insurance (NASDAQ:GSHD) Price Target to $145.00

Goosehead Insurance (NASDAQ:GSHD) had its price objective upped by stock analysts at UBS Group from $120.00 to $145.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 22.06% from the stock’s current price.

Several other brokerages also recently issued reports on GSHD. Bank of America upped their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. BMO Capital Markets increased their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods increased their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. TD Cowen boosted their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $109.10.

Goosehead Insurance Price Performance

GSHD stock traded up $1.48 during trading on Friday, hitting $118.80. The stock had a trading volume of 10,271 shares, compared to its average volume of 265,518. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 166.01, a price-to-earnings-growth ratio of 5.17 and a beta of 1.49. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company’s 50 day moving average price is $109.73 and its two-hundred day moving average price is $104.47. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $130.39.

Insiders Place Their Bets

In related news, Director Thomas Mcconnon sold 205,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares of the company’s stock, valued at approximately $41,138,620.80. This trade represents a 37.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark Evan Jones sold 40,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the transaction, the chairman now directly owns 38,951 shares of the company’s stock, valued at approximately $4,636,727.04. This represents a 50.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System increased its stake in Goosehead Insurance by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock worth $1,265,000 after purchasing an additional 100 shares in the last quarter. Mechanics Bank Trust Department boosted its position in Goosehead Insurance by 4.5% during the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock worth $274,000 after acquiring an additional 109 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Goosehead Insurance by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company’s stock worth $2,371,000 after purchasing an additional 139 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Goosehead Insurance by 1.5% during the fourth quarter. New York State Teachers Retirement System now owns 13,468 shares of the company’s stock worth $1,444,000 after purchasing an additional 204 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in Goosehead Insurance by 2.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company’s stock valued at $959,000 after buying an additional 210 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.