Goosehead Insurance (NASDAQ:GSHD) Stock Price Expected to Rise, Piper Sandler Analyst Says

Goosehead Insurance (NASDAQ:GSHD) had its target price increased by Piper Sandler from $103.00 to $122.00 in a report published on Monday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other brokerages have also recently commented on GSHD. Truist Financial upped their target price on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. UBS Group increased their price target on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. Finally, TD Cowen cut Goosehead Insurance from a “buy” rating to a “hold” rating and cut their price target for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $91.30.

Goosehead Insurance Stock Down 0.6 %

Shares of NASDAQ GSHD opened at $109.00 on Monday. The company has a 50 day simple moving average of $90.60 and a 200 day simple moving average of $74.25. 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 has a 1 year low of $50.47 and a 1 year high of $111.41. The firm has a market cap of $4.14 billion, a PE ratio of 175.81, a price-to-earnings-growth ratio of 5.00 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. On average, research analysts forecast that Goosehead Insurance will post 0.76 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Patrick Ryan Langston sold 2,167 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $450,450. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $90.09, for a total transaction of $195,225.03. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at $450,450. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,726 shares of company stock valued at $10,712,638. Corporate insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Goosehead Insurance by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock worth $179,589,000 after purchasing an additional 36,676 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Goosehead Insurance by 13.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after purchasing an additional 165 shares during the last quarter. Norden Group LLC lifted its holdings in Goosehead Insurance by 1,839.4% during the first quarter. Norden Group LLC now owns 109,942 shares of the company’s stock valued at $7,324,000 after purchasing an additional 104,273 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Goosehead Insurance by 14.3% in the first quarter. Principal Financial Group Inc. now owns 144,929 shares of the company’s stock worth $9,655,000 after purchasing an additional 18,112 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Goosehead Insurance by 9.6% during the 1st quarter. BNP Paribas Financial Markets now owns 19,282 shares of the company’s stock valued at $1,285,000 after buying an additional 1,682 shares in the last quarter.

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.