Brokerages Set Goosehead Insurance, Inc (NASDAQ:GSHD) Price Target at $97.90

Goosehead Insurance, Inc (NASDAQ:GSHD) has earned an average recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat.com reports. One equities research 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 price objective among brokerages that have issued ratings on the stock in the last year is $97.90.

Several equities analysts recently commented on the company. TD Cowen increased their target price on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Truist Financial upped their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their target price on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price target on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Finally, Piper Sandler raised their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $106.19 on Thursday. The business has a 50-day simple moving average of $113.54 and a 200-day simple moving average of $88.89. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39. The company has a market cap of $3.94 billion, a PE ratio of 147.49, a P/E/G ratio of 4.51 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that Goosehead Insurance will post 0.84 EPS for the current fiscal year.

Insider Activity

In related news, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction dated 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 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 at the SEC website. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $450,450. This represents a 30.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,255 shares of company stock valued at $12,686,800. 48.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors have recently bought and sold shares of GSHD. Cullen Frost Bankers Inc. boosted its holdings in Goosehead Insurance by 49.4% in 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. HighTower Advisors LLC grew its holdings in Goosehead Insurance by 5.8% during the third quarter. HighTower Advisors LLC now owns 5,040 shares of the company’s stock worth $448,000 after acquiring an additional 276 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Goosehead Insurance in the third quarter worth $29,000. Finally, Blue Trust Inc. lifted its holdings in 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 acquiring an additional 403 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.