Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $99.20 Average Target Price from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $99.20.

GSHD has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Piper Sandler upped their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Truist Financial raised their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. TD Cowen upped their target price on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets boosted their price target on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th.

Insider Buying and Selling

In other news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $100.21, for a total value of $4,402,024.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the sale, the chief executive officer now owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Goosehead Insurance

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in Goosehead Insurance by 4.6% in the second quarter. Rhumbline Advisers now owns 68,064 shares of the company’s stock valued at $3,910,000 after purchasing an additional 2,965 shares during the period. Victory Capital Management Inc. raised its position in Goosehead Insurance by 10.7% in the 2nd quarter. Victory Capital Management Inc. now owns 9,184 shares of the company’s stock valued at $528,000 after purchasing an additional 890 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Goosehead Insurance by 10.9% during the second quarter. Arizona State Retirement System now owns 6,709 shares of the company’s stock worth $385,000 after buying an additional 662 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Goosehead Insurance by 30.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock valued at $2,017,000 after purchasing an additional 8,193 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after buying an additional 110,832 shares in the last quarter.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $110.35 on Monday. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39. The company has a market capitalization of $4.10 billion, a P/E ratio of 153.27, a P/E/G ratio of 2.97 and a beta of 1.41. The company’s 50-day simple moving average is $114.24 and its two-hundred day simple moving average is $96.02. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 EPS 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 analyst estimates of $80.54 million. During the same quarter last year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts anticipate that Goosehead Insurance will post 0.84 EPS for the current year.

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be issued a dividend of $5.91 per share. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date is Tuesday, January 21st.

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.