Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $65.00 at Truist Financial

Goosehead Insurance (NASDAQ:GSHD) had its target price lifted by Truist Financial from $60.00 to $65.00 in a research report sent to investors on Thursday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other equities analysts have also recently commented on the company. Bank of America increased their target price on Goosehead Insurance from $35.00 to $37.00 and gave the company an underperform rating in a report on Tuesday, June 11th. BMO Capital Markets reduced their price objective on Goosehead Insurance from $90.00 to $72.00 and set an outperform rating for the company in a research note on Tuesday, April 30th. TD Cowen lowered their target price on shares of Goosehead Insurance from $105.00 to $98.00 and set a buy rating on the stock in a research note on Friday, May 24th. Keefe, Bruyette & Woods dropped their target price on shares of Goosehead Insurance from $93.00 to $85.00 and set an outperform rating for the company in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $59.00 to $65.00 and gave the stock a neutral rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $75.80.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $84.89 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a fifty day moving average of $61.00 and a 200 day moving average of $67.25. The firm has a market cap of $3.22 billion, a PE ratio of 136.92, a PEG ratio of 4.55 and a beta of 1.36. Goosehead Insurance has a one year low of $50.47 and a one year high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a net margin of 6.71% and a return on equity of 111.97%. The business had revenue of $78.10 million for the quarter, compared to analyst estimates of $74.31 million. During the same quarter last year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, research analysts predict that Goosehead Insurance will post 0.69 EPS for the current fiscal year.

Insider Activity

In other news, COO Mark Miller acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $58.06 per share, for a total transaction of $580,600.00. Following the completion of the transaction, the chief operating officer now owns 30,000 shares in the company, valued at $1,741,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas raised its position in Goosehead Insurance by 5,350.0% in the fourth quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after purchasing an additional 321 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Goosehead Insurance in the 4th quarter valued at about $35,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Goosehead Insurance in the 1st quarter valued at about $35,000. CENTRAL TRUST Co acquired a new position in Goosehead Insurance in the first quarter valued at about $67,000. Finally, PNC Financial Services Group Inc. boosted its stake in Goosehead Insurance by 13.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after buying an additional 165 shares during the period.

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.