Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $72.00 at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD) had its price target lifted by Piper Sandler from $65.00 to $72.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on GSHD. Truist Financial cut their target price on shares of Goosehead Insurance from $70.00 to $60.00 and set a hold rating on the stock in a research report on Thursday, April 25th. Keefe, Bruyette & Woods reduced their price objective on shares of Goosehead Insurance from $93.00 to $85.00 and set an outperform rating on the stock in a research note on Thursday, April 25th. Bank of America lifted their target price on shares of Goosehead Insurance from $35.00 to $37.00 and gave the stock an underperform rating in a report on Tuesday, June 11th. JMP Securities reissued a market outperform rating and issued a $100.00 price target on shares of Goosehead Insurance in a research note on Monday, April 15th. Finally, Royal Bank of Canada restated an outperform rating and issued a $80.00 price target on shares of Goosehead Insurance in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $75.80.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $84.89 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a 50 day simple moving average of $61.00 and a 200 day simple moving average of $67.25. Goosehead Insurance has a fifty-two week low of $50.47 and a fifty-two week high of $92.76. The firm has a market cap of $3.22 billion, a P/E ratio of 136.92, a P/E/G ratio of 4.55 and a beta of 1.36.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $74.31 million. Goosehead Insurance had a return on equity of 111.97% and a net margin of 6.71%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. Sell-side analysts predict that Goosehead Insurance will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, COO Mark Miller bought 10,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average cost of $58.06 per share, with a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of Goosehead Insurance by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock worth $1,140,000 after buying an additional 161 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Goosehead Insurance by 13.4% in 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. Janney Capital Management LLC lifted its position in shares of Goosehead Insurance by 3.2% in the fourth quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock worth $440,000 after purchasing an additional 181 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Goosehead Insurance by 4.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock worth $419,000 after purchasing an additional 242 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in Goosehead Insurance by 20.8% during the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after purchasing an additional 277 shares during 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.