Analysts Set Goosehead Insurance, Inc (NASDAQ:GSHD) Price Target at $82.71

Goosehead Insurance, Inc (NASDAQ:GSHD) has received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $84.88.

A number of equities research analysts have weighed in on GSHD shares. JPMorgan Chase & Co. lifted their price target on shares of Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. BMO Capital Markets cut their price objective on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Piper Sandler lifted their price objective on Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. JMP Securities reissued a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a report on Monday. Finally, TD Cowen initiated coverage on Goosehead Insurance in a report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective for the company.

Goosehead Insurance Stock Down 2.0 %

GSHD opened at $56.90 on Friday. Goosehead Insurance has a fifty-two week low of $51.06 and a fifty-two week high of $92.76. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. The firm’s fifty day moving average price is $73.84 and its two-hundred day moving average price is $73.36. The company has a market capitalization of $2.16 billion, a P/E ratio of 99.82, a P/E/G ratio of 4.06 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The business had revenue of $63.01 million for the quarter, compared to analyst estimates of $68.18 million. On average, analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Activity at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of Goosehead Insurance stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Mark Miller acquired 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $73.86 per share, for a total transaction of $369,300.00. Following the completion of the transaction, the chief operating officer now directly owns 20,000 shares in the company, valued at $1,477,200. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of Goosehead Insurance stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. 48.35% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. USA Financial Formulas grew its position in shares of Goosehead Insurance by 5,350.0% in the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after purchasing an additional 321 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Goosehead Insurance in the 3rd quarter valued at approximately $37,000. Group One Trading L.P. acquired a new position in shares of Goosehead Insurance in the 1st quarter valued at approximately $59,000. Finally, Tower Research Capital LLC TRC lifted its stake in Goosehead Insurance by 21.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock valued at $58,000 after acquiring an additional 166 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.