Analysts Set Goosehead Insurance, Inc (NASDAQ:GSHD) Target Price at $80.40

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been given an average rating of “Hold” by the ten brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $80.40.

A number of equities research analysts recently commented on GSHD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Goosehead Insurance in a research note on Thursday, July 25th. BMO Capital Markets cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a research report on Thursday, August 22nd. JPMorgan Chase & Co. increased their target price on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Piper Sandler upped their price objective on shares of Goosehead Insurance from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Bank of America upped their price target on shares of Goosehead Insurance from $35.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, June 11th.

Goosehead Insurance Trading Up 5.1 %

Shares of Goosehead Insurance stock opened at $85.32 on Tuesday. The stock has a 50 day moving average of $78.35 and a 200 day moving average of $68.69. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 137.61, a PEG ratio of 4.51 and a beta of 1.36. Goosehead Insurance has a fifty-two week low of $50.47 and a fifty-two week high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The company had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. During the same period in the previous year, the business earned $0.25 EPS. Goosehead Insurance’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts predict that Goosehead Insurance will post 0.75 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at $425,950. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Chairman Mark Evan Jones sold 11,699 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $85.75, for a total transaction of $1,003,189.25. Following the sale, the chairman now owns 39,451 shares of the company’s stock, valued at $3,382,923.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the sale, the insider now owns 5,000 shares in the company, valued at $425,950. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,798 shares of company stock valued at $4,454,640. 48.35% of the stock is currently owned by insiders.

Institutional Trading of Goosehead Insurance

A number of institutional investors have recently modified their holdings of GSHD. USA Financial Formulas boosted its holdings in shares of Goosehead Insurance by 5,350.0% in the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after buying an additional 321 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Goosehead Insurance during the 1st quarter valued at $35,000. Cullen Frost Bankers Inc. grew its stake in Goosehead Insurance by 49.4% during the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after buying an additional 210 shares in the last quarter. Quarry LP increased its stake in Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 shares during the last quarter. Finally, CENTRAL TRUST Co bought a new position in shares of Goosehead Insurance in the 1st quarter valued at $67,000.

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.