Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $109.00

Goosehead Insurance (NASDAQ:GSHD) had its target price lifted by stock analysts at Royal Bank of Canada from $95.00 to $109.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 8.03% from the company’s previous close.

Several other equities research analysts have also commented on GSHD. BMO Capital Markets lowered shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $84.00 target price (down previously from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. TD Cowen downgraded Goosehead Insurance from a “buy” rating to a “hold” rating and dropped their price target for the stock from $98.00 to $94.00 in a research note on Thursday, August 15th. Finally, Piper Sandler boosted their price objective on Goosehead Insurance from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Monday. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.90.

Goosehead Insurance Stock Up 5.1 %

GSHD stock traded up $4.87 during trading on Thursday, hitting $100.90. 265,451 shares of the company’s stock were exchanged, compared to its average volume of 291,432. The business has a 50-day moving average price of $88.10 and a two-hundred day moving average price of $72.51. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 162.74, a PEG ratio of 4.72 and a beta of 1.35. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $102.44.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share 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 during the quarter, compared to the consensus estimate of $74.31 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts expect that Goosehead Insurance will post 0.76 EPS for the current year.

Insider Activity at Goosehead Insurance

In related news, major shareholder Patrick Ryan Langston sold 2,167 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $450,450. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Patrick Ryan Langston sold 2,167 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $450,450. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Mark Evan Jones sold 10,418 shares of the business’s stock in a transaction 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 sale, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,388,051.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,798 shares of company stock valued at $6,310,613. Insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

A number of institutional investors have recently modified their holdings of GSHD. Vanguard Group Inc. raised its holdings in Goosehead Insurance by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock valued at $179,589,000 after buying an additional 36,676 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after purchasing an additional 165 shares during the period. Wasatch Advisors LP boosted its stake in shares of Goosehead Insurance by 17.2% in the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after purchasing an additional 308,312 shares during the period. Norden Group LLC grew its holdings in Goosehead Insurance by 1,839.4% during the 1st quarter. Norden Group LLC now owns 109,942 shares of the company’s stock valued at $7,324,000 after purchasing an additional 104,273 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Goosehead Insurance during the 1st quarter worth $35,000.

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.