Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $130.00

Goosehead Insurance (NASDAQ:GSHD) had its target price boosted by TD Cowen from $94.00 to $130.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently commented on the stock. BMO Capital Markets boosted their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday. Royal Bank of Canada increased their target price on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Piper Sandler upped their price objective on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $84.00 price objective (down from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $97.90.

Goosehead Insurance Trading Up 3.4 %

Shares of GSHD stock opened at $126.34 on Wednesday. The company has a market capitalization of $4.69 billion, a PE ratio of 175.47, a price-to-earnings-growth ratio of 4.51 and a beta of 1.32. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $127.60. The business’s fifty day moving average is $100.48 and its 200 day moving average is $80.51. 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 (NASDAQ:GSHD) last released 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. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter last year, the firm posted $0.28 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Goosehead Insurance will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Mark Miller sold 58,327 shares of the 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 represents a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mark Evan Jones sold 8,977 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $82.33, for a total value of $739,076.41. Following the completion of the sale, the chairman now directly owns 39,451 shares in the company, valued at $3,248,000.83. The trade was a 18.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,232 shares of company stock valued at $13,425,876 in the last ninety days. Company insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Goosehead Insurance during the third quarter valued at approximately $29,000. GAMMA Investing LLC boosted its holdings in Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after acquiring an additional 231 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake 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 in the last quarter. Blue Trust Inc. raised its position in shares of Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after acquiring an additional 403 shares in the last quarter. Finally, Quarry LP raised its holdings in Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after purchasing an additional 787 shares in the last quarter.

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.