Truist Financial Reiterates “Hold” Rating for Goosehead Insurance (NASDAQ:GSHD)

Goosehead Insurance (NASDAQ:GSHD)‘s stock had its “hold” rating reissued by equities research analysts at Truist Financial in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $90.00 price target on the stock, up from their previous price target of $80.00. Truist Financial’s target price suggests a potential downside of 28.05% from the stock’s previous close.

Several other research firms have also recently commented on GSHD. Piper Sandler increased their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. TD Cowen boosted their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets raised their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $100.20.

Goosehead Insurance Stock Up 18.4 %

GSHD traded up $19.44 during trading on Tuesday, hitting $125.09. 190,186 shares of the company’s stock traded hands, compared to its average volume of 222,037. The company’s 50 day simple moving average is $107.58 and its two-hundred day simple moving average is $102.73. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 174.47, a PEG ratio of 5.17 and a beta of 1.43.

Institutional Trading of Goosehead Insurance

A number of hedge funds and other institutional investors have recently bought and sold shares of GSHD. Blue Trust Inc. lifted its position in shares of Goosehead Insurance by 567.6% during 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 in the last quarter. International Assets Investment Management LLC boosted its position in shares of Goosehead Insurance by 7,593.8% in the third quarter. International Assets Investment Management LLC now owns 10,002 shares of the company’s stock worth $8,930,000 after purchasing an additional 9,872 shares during the period. Jacobson & Schmitt Advisors LLC boosted its position in shares of Goosehead Insurance by 10.6% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company’s stock worth $12,649,000 after purchasing an additional 13,594 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in shares of Goosehead Insurance in the third quarter worth $2,134,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Goosehead Insurance during the 3rd quarter valued at $780,000.

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.