Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $74.00 Consensus Price Target from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $74.00.

Several equities research analysts have weighed in on GSHD shares. JMP Securities reissued a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a research report on Monday, April 15th. Truist Financial dropped their target price on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Keefe, Bruyette & Woods dropped their target price on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. TD Cowen dropped their target price on shares of Goosehead Insurance from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Goosehead Insurance in a research report on Friday.

Insider Buying and Selling

In other news, COO Mark Miller acquired 10,000 shares of Goosehead Insurance stock in a transaction on Monday, April 29th. The stock was acquired at an average cost of $58.06 per share, for a total transaction of $580,600.00. Following the purchase, the chief operating officer now owns 30,000 shares in the company, valued at $1,741,800. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.35% of the stock is owned by company insiders.

Institutional Trading of Goosehead Insurance

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Goosehead Insurance by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after acquiring an additional 46,861 shares during the period. Wasatch Advisors LP grew its stake in shares of Goosehead Insurance by 17.2% in the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after acquiring an additional 308,312 shares during the period. Motley Fool Asset Management LLC grew its stake in shares of Goosehead Insurance by 407.4% in the first quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after acquiring an additional 428,355 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Goosehead Insurance by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock worth $23,354,000 after acquiring an additional 30,626 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Goosehead Insurance by 14.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company’s stock worth $22,359,000 after acquiring an additional 37,805 shares during the period.

Goosehead Insurance Price Performance

GSHD stock opened at $57.44 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $92.76. The firm’s fifty day moving average is $60.08 and its 200 day moving average is $68.98. The firm has a market cap of $2.18 billion, a P/E ratio of 92.65, a P/E/G ratio of 3.75 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. The company had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. Research analysts predict that Goosehead Insurance will post 0.7 earnings per share 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.