Analysts Set Goosehead Insurance, Inc (NASDAQ:GSHD) PT at $91.30

Goosehead Insurance, Inc (NASDAQ:GSHD) has earned an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $91.30.

GSHD has been the subject of several research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $84.00 price objective (down from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Truist Financial lifted their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. BMO Capital Markets downgraded shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price for the company. in a research report on Thursday, August 22nd. Royal Bank of Canada boosted their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, UBS Group boosted their target price on shares of Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st.

Goosehead Insurance Price Performance

Shares of GSHD opened at $107.54 on Wednesday. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $111.41. The company has a 50 day moving average of $92.19 and a two-hundred day moving average of $75.45. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 147.85, a price-to-earnings-growth ratio of 4.14 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts predict that Goosehead Insurance will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $425,950. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total value of $4,402,024.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at $425,950. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,726 shares of company stock valued at $10,712,638. Corporate insiders own 38.03% of the company’s stock.

Institutional Trading of Goosehead Insurance

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Goosehead Insurance by 34.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after purchasing an additional 879,959 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Goosehead Insurance by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after purchasing an additional 46,861 shares in the last quarter. Motley Fool Asset Management LLC increased its stake in shares of Goosehead Insurance by 407.4% during the first quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after purchasing an additional 428,355 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Goosehead Insurance by 35.7% during the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after purchasing an additional 110,832 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Goosehead Insurance by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after purchasing an additional 51,023 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.