Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $97.90 Consensus PT from Brokerages

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been given a consensus recommendation of “Hold” by the ten research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $97.90.

GSHD has been the subject of several analyst reports. Truist Financial increased their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. UBS Group increased their price target 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. Piper Sandler raised their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Royal Bank of Canada raised their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen raised their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Patrick Ryan Langston sold 4,814 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total transaction of $434,511.64. Following the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $451,300. This represents a 49.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,255 shares of company stock valued at $12,686,800 in the last three months. Company insiders own 38.03% of the company’s stock.

Institutional Trading of Goosehead Insurance

Institutional investors and hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance in the third quarter worth approximately $63,000. Sanctuary Advisors LLC bought a new stake in shares of Goosehead Insurance in the third quarter worth approximately $247,000. Geode Capital Management LLC grew its stake in shares of Goosehead Insurance by 0.9% in the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after acquiring an additional 5,969 shares during the period. Weiss Asset Management LP bought a new stake in shares of Goosehead Insurance in the third quarter worth approximately $244,000. Finally, State Street Corp grew its stake in shares of Goosehead Insurance by 21.2% in the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after acquiring an additional 185,037 shares during the period.

Goosehead Insurance Price Performance

GSHD stock opened at $129.69 on Friday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $130.02. The firm’s fifty day moving average is $101.99 and its 200 day moving average is $81.72. The firm has a market cap of $4.81 billion, a P/E ratio of 177.75, a P/E/G ratio of 4.87 and a beta of 1.32.

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

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.