Goosehead Insurance, Inc (NASDAQ:GSHD) Given Consensus Rating of “Hold” by Brokerages

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have received a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $97.90.

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. BMO Capital Markets upped their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. JMP Securities raised their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. Finally, Truist Financial raised their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 2,167 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $450,450. This represents a 30.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the transaction, the chief executive officer now owns 30,000 shares in the company, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,255 shares of company stock valued at $12,686,800 in the last ninety days. 48.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GSHD. Cullen Frost Bankers Inc. increased its stake in shares of Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after buying an additional 210 shares during the period. 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 during the last quarter. HighTower Advisors LLC increased its position in Goosehead Insurance by 5.8% during the 3rd quarter. HighTower Advisors LLC now owns 5,040 shares of the company’s stock valued at $448,000 after purchasing an additional 276 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in Goosehead Insurance during the 3rd quarter worth approximately $29,000. Finally, Blue Trust Inc. lifted 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 purchasing an additional 403 shares during the period.

Goosehead Insurance Price Performance

GSHD stock opened at $107.89 on Thursday. The stock has a 50-day moving average price of $112.88 and a two-hundred day moving average price of $88.46. The company has a market cap of $4.00 billion, a PE ratio of 149.85, a price-to-earnings-growth ratio of 4.51 and a beta of 1.38. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts predict that Goosehead Insurance will post 0.84 EPS for the current year.

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.