Goosehead Insurance (NASDAQ:GSHD) Price Target Increased to $65.00 by Analysts at Truist Financial

Goosehead Insurance (NASDAQ:GSHD) had its target price raised by Truist Financial from $60.00 to $65.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

GSHD has been the topic of a number of other research reports. Royal Bank of Canada reissued an outperform rating and set a $80.00 price objective on shares of Goosehead Insurance in a report on Friday, June 28th. TD Cowen reduced their target price on shares of Goosehead Insurance from $105.00 to $98.00 and set a buy rating on the stock in a research note on Friday, May 24th. JMP Securities reaffirmed a market outperform rating and issued a $100.00 target price on shares of Goosehead Insurance in a research note on Monday, April 15th. Keefe, Bruyette & Woods reduced their target price 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. Finally, Piper Sandler raised their target price on shares of Goosehead Insurance from $65.00 to $72.00 and gave the company an overweight rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $75.70.

Goosehead Insurance Stock Up 4.5 %

Shares of NASDAQ:GSHD opened at $88.68 on Thursday. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $92.76. The company’s 50-day moving average price is $61.51 and its two-hundred day moving average price is $67.34. The company has a quick ratio of 1.73, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. The firm has a market cap of $3.37 billion, a P/E ratio of 143.03, a P/E/G ratio of 6.15 and a beta of 1.36.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The firm had revenue of $78.10 million for the quarter, compared to analyst estimates of $74.31 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 12.7% on a year-over-year basis. As a group, research analysts forecast that Goosehead Insurance will post 0.69 EPS for the current fiscal year.

Institutional Trading of Goosehead Insurance

Several hedge funds have recently bought and sold shares of GSHD. USA Financial Formulas raised its holdings in Goosehead Insurance by 5,350.0% during the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock worth $25,000 after buying an additional 321 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Goosehead Insurance during the 4th quarter worth approximately $35,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Goosehead Insurance during the 1st quarter worth approximately $35,000. CENTRAL TRUST Co acquired a new stake in Goosehead Insurance during the 1st quarter worth approximately $67,000. Finally, RiverPark Advisors LLC acquired a new stake in Goosehead Insurance during the 1st quarter worth approximately $104,000.

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.