Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $103.00

Goosehead Insurance (NASDAQ:GSHD) had its price objective lifted by Piper Sandler from $94.00 to $103.00 in a report published on Monday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price on the stock. in a report on Thursday, August 22nd. UBS Group raised their target price on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and cut their target price for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 target price on shares of Goosehead Insurance in a report on Thursday, July 25th. Finally, Truist Financial raised their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.00.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $96.03 on Monday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13. Goosehead Insurance has a one year low of $50.47 and a one year high of $100.15. The company’s 50-day simple moving average is $88.10 and its 200-day simple moving average is $72.51. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 154.89, a PEG ratio of 4.72 and a beta of 1.35.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The business had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $74.31 million. During the same quarter last year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities analysts anticipate that Goosehead Insurance will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 10,418 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the sale, the chairman now owns 39,451 shares in the company, valued at approximately $3,388,051.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Mark Evan Jones sold 10,418 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84. Following the transaction, the chairman now owns 39,451 shares in the company, valued at $3,388,051.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the transaction, the insider now owns 5,000 shares in the company, 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 90 days, insiders have sold 72,798 shares of company stock worth $6,310,613. 48.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GSHD. Whittier Trust Co. of Nevada Inc. acquired a new position in Goosehead Insurance in the third quarter worth approximately $29,000. GAMMA Investing LLC grew its position in Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after buying an additional 231 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Goosehead Insurance in the first quarter worth approximately $35,000. Cullen Frost Bankers Inc. grew its position in Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after buying an additional 210 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after buying an additional 403 shares during the last quarter.

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.