Goosehead Insurance (NASDAQ:GSHD) Given New $103.00 Price Target at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD) had its price objective boosted by Piper Sandler from $94.00 to $103.00 in a research note released on Monday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. UBS Group lifted their price target on shares of Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Truist Financial boosted their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price for the company. in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Goosehead Insurance Stock Down 0.1 %

Shares of GSHD opened at $96.40 on Monday. The firm has a 50 day simple moving average of $87.35 and a two-hundred day simple moving average of $71.84. The company has a market cap of $3.66 billion, a P/E ratio of 155.48, a P/E/G ratio of 4.72 and a beta of 1.35. Goosehead Insurance has a one year low of $50.47 and a one year high of $100.15. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. During the same period in the prior year, the company earned $0.25 EPS. Goosehead Insurance’s revenue for the quarter was up 12.7% on a year-over-year basis. Research analysts forecast that Goosehead Insurance will post 0.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were 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 of the company’s stock, valued at approximately $425,950. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Chairman Mark Evan Jones sold 8,977 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $82.33, for a total value of $739,076.41. Following the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,248,000.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $653,748.06. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at $425,950. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,798 shares of company stock valued at $6,310,613 over the last ninety days. 48.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in shares of Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after acquiring an additional 165 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Goosehead Insurance by 49.4% in the second 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 raised its holdings in shares of Goosehead Insurance by 195.8% during the third 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. Harbor Investment Advisory LLC boosted its position in shares of Goosehead Insurance by 20.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after purchasing an additional 277 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of Goosehead Insurance by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 21,398 shares of the company’s stock valued at $1,426,000 after buying an additional 279 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.