Goosehead Insurance (NASDAQ:GSHD) Receives $68.45 Consensus Price Target from Analysts

Goosehead Insurance (NASDAQ:GSHD) has earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $68.4545.

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Goosehead Insurance from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Piper Sandler raised their price target on Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods reduced their price objective on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $76.00 price objective on shares of Goosehead Insurance in a research note on Thursday, July 23rd.

Goosehead Insurance Price Performance

Shares of GSHD opened at $57.18 on Friday. The stock has a market capitalization of $2.03 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.01 and a beta of 1.36. The business’s fifty day moving average price is $62.75 and its 200 day moving average price is $49.94. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $84.36.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The company had revenue of $95.63 million for the quarter, compared to analysts’ expectations of $103.30 million. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 20.6% compared to the same quarter last year. As a group, research analysts anticipate that Goosehead Insurance will post 1.46 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder & Robyn Jones Descendants Mark sold 125,000 shares of Goosehead Insurance stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $69.71, for a total value of $8,713,750.00. Following the sale, the insider directly owned 6,870,180 shares in the company, valued at $478,920,247.80. This trade represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder & The Bear Irrevocable T. Chick sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $65.03, for a total transaction of $325,150.00. Following the transaction, the insider directly owned 58,530 shares of the company’s stock, valued at $3,806,205.90. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders purchased 189,979 shares of company stock worth $11,348,632 and sold 267,000 shares worth $18,056,139. 38.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its holdings in Goosehead Insurance by 484.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after buying an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares in the last quarter. Versant Capital Management Inc raised its stake in Goosehead Insurance by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock valued at $37,000 after acquiring an additional 637 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Goosehead Insurance during the 4th quarter worth $41,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares in the last quarter.

About Goosehead Insurance

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.