Goosehead Insurance (NASDAQ:GSHD – Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $77.00 to $90.00 in a research report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Several other equities analysts also recently weighed in on the stock. TD Cowen lifted their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Truist Financial lifted their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Piper Sandler lifted their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Royal Bank of Canada lifted their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, JMP Securities lifted their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $99.20.
Check Out Our Latest Stock Analysis on Goosehead Insurance
Goosehead Insurance Stock Performance
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. On average, research analysts predict that Goosehead Insurance will post 0.84 EPS for the current year.
Insider Activity at Goosehead Insurance
In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the transaction, the chief executive officer now owns 30,000 shares of the company’s stock, valued at $3,306,600. The trade was a 66.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Ryan Langston sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $95.35, for a total transaction of $953,500.00. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $476,750. This represents a 66.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,255 shares of company stock valued at $11,784,327. Corporate insiders own 48.35% of the company’s stock.
Hedge Funds Weigh In On Goosehead Insurance
A number of hedge funds and other institutional investors have recently bought and sold shares of GSHD. GAMMA Investing LLC lifted its holdings in shares of Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after acquiring an additional 257 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth approximately $63,000. Sanctuary Advisors LLC bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth approximately $247,000. Geode Capital Management LLC lifted its holdings in shares of Goosehead Insurance by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after acquiring an additional 5,969 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth approximately $244,000.
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.
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