Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $72.00 at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD) had its price target boosted by Piper Sandler from $65.00 to $72.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on GSHD. Keefe, Bruyette & Woods decreased their price objective on Goosehead Insurance from $93.00 to $85.00 and set an outperform rating on the stock in a research report on Thursday, April 25th. BMO Capital Markets decreased their price objective on Goosehead Insurance from $90.00 to $72.00 and set an outperform rating on the stock in a research report on Tuesday, April 30th. Royal Bank of Canada reiterated an outperform rating and issued a $80.00 price target on shares of Goosehead Insurance in a report on Friday, June 28th. JMP Securities reiterated a market outperform rating and issued a $100.00 price target on shares of Goosehead Insurance in a report on Monday, April 15th. Finally, Bank of America increased their price target on Goosehead Insurance from $35.00 to $37.00 and gave the stock an underperform rating in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $75.70.

Goosehead Insurance Price Performance

NASDAQ:GSHD opened at $88.68 on Thursday. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $92.76. The company has a current ratio of 1.13, a quick ratio of 1.73 and a debt-to-equity ratio of 2.31. The business’s 50-day moving average is $61.51 and its 200 day moving average is $67.34. The company has a market capitalization of $3.37 billion, a P/E ratio of 143.03, a P/E/G ratio of 6.15 and a beta of 1.36.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business had revenue of $78.10 million for the quarter, compared to the consensus estimate of $74.31 million. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts forecast that Goosehead Insurance will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in Goosehead Insurance by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock worth $1,140,000 after purchasing an additional 161 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after purchasing an additional 165 shares in the last quarter. Janney Capital Management LLC grew its stake in Goosehead Insurance by 3.2% in the fourth quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock worth $440,000 after purchasing an additional 181 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Goosehead Insurance by 4.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock worth $419,000 after purchasing an additional 242 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in Goosehead Insurance by 20.8% in the first quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after purchasing an additional 277 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.