Goosehead Insurance (NASDAQ:GSHD) Receives $90.30 Consensus Target Price from Analysts

Goosehead Insurance (NASDAQ:GSHD) has been given an average recommendation of “Hold” by the thirteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $84.00.

A number of equities analysts recently commented on the company. BMO Capital Markets lowered their target price on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th. UBS Group dropped their price objective on shares of Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating for the company in a report on Monday, October 27th. Keefe, Bruyette & Woods reduced their target price on shares of Goosehead Insurance from $95.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Truist Financial decreased their price target on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday.

Insider Buying and Selling

In related news, CEO Mark Miller acquired 5,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was acquired at an average price of $72.34 per share, for a total transaction of $361,700.00. Following the purchase, the chief executive officer owned 35,000 shares of the company’s stock, valued at $2,531,900. This represents a 16.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Mcconnon sold 69,686 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $73.62, for a total transaction of $5,130,283.32. Following the sale, the director owned 269,322 shares in the company, valued at $19,827,485.64. The trade was a 20.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 48.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its holdings in shares of Goosehead Insurance by 12.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after purchasing an additional 253,777 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Goosehead Insurance by 38.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after buying an additional 556,293 shares during the last quarter. Durable Capital Partners LP raised its stake in Goosehead Insurance by 126.5% in the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after buying an additional 861,374 shares in the last quarter. DF Dent & Co. Inc. lifted its holdings in Goosehead Insurance by 3.2% during the 4th quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock worth $76,939,000 after buying an additional 32,246 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Goosehead Insurance by 1.4% during the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock worth $108,412,000 after acquiring an additional 14,311 shares in the last quarter.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $44.45 on Tuesday. The firm has a market cap of $1.64 billion, a P/E ratio of 42.74, a P/E/G ratio of 2.68 and a beta of 1.54. The firm’s 50 day moving average price is $66.29 and its 200-day moving average price is $72.55. Goosehead Insurance has a one year low of $42.87 and a one year high of $127.99.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The company had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $99.67 million. During the same period in the prior year, the firm earned $0.79 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts predict that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Goosehead Insurance Company Profile

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.