Brokerages Set Goosehead Insurance, Inc (NASDAQ:GSHD) Price Target at $97.90

Goosehead Insurance, Inc (NASDAQ:GSHD) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned 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 $97.90.

A number of analysts have recently weighed in on GSHD shares. TD Cowen upped their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. BMO Capital Markets increased their price target on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Royal Bank of Canada boosted their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JMP Securities raised their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial raised their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,255 shares of company stock worth $12,686,800. Corporate insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. boosted its holdings in shares of Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Goosehead Insurance by 195.8% in the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after purchasing an additional 231 shares in the last quarter. HighTower Advisors LLC increased its position in Goosehead Insurance by 5.8% during the 3rd quarter. HighTower Advisors LLC now owns 5,040 shares of the company’s stock worth $448,000 after purchasing an additional 276 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Goosehead Insurance during the 3rd quarter worth approximately $29,000. Finally, Blue Trust Inc. lifted its holdings in shares of Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after buying an additional 403 shares during the period.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $104.43 on Thursday. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 145.04, a price-to-earnings-growth ratio of 4.51 and a beta of 1.38. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The business has a 50-day moving average of $113.74 and a 200 day moving average of $89.57. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating 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 analyst estimates of $80.54 million. During the same quarter last 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, sell-side analysts forecast that Goosehead Insurance will post 0.84 earnings per share for the current year.

About Goosehead Insurance

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.