Analysts Set Goosehead Insurance, Inc (NASDAQ:GSHD) PT at $97.90

Goosehead Insurance, Inc (NASDAQ:GSHD) has earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One investment 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $97.90.

GSHD has been the subject of several analyst reports. BMO Capital Markets raised their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Royal Bank of Canada raised their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. 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 research note on Monday, October 28th. Finally, TD Cowen raised their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th.

Goosehead Insurance Stock Down 2.5 %

Shares of NASDAQ:GSHD opened at $126.50 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $130.39. The company has a 50-day moving average price of $103.62 and a 200 day moving average price of $82.51. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 175.69, a PEG ratio of 4.85 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating 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 firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter last year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities research analysts predict that Goosehead Insurance will post 0.84 earnings per share for the current year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The shares were 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 directly owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of Goosehead Insurance stock in a transaction on 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 represents a 30.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,255 shares of company stock valued at $12,686,800. 48.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in Goosehead Insurance during the third quarter valued at $29,000. GAMMA Investing LLC increased its stake in shares of Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of 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 purchasing an additional 210 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after purchasing an additional 403 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Goosehead Insurance by 2,810.7% during the second quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after purchasing an additional 787 shares in the last quarter.

About Goosehead Insurance

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.