Goosehead Insurance’s (GSHD) Outperform Rating Reiterated at Royal Bank of Canada

Goosehead Insurance (NASDAQ:GSHD)‘s stock had its “outperform” rating reissued by analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $80.00 target price on the stock. Royal Bank of Canada’s target price indicates a potential upside of 38.03% from the company’s current price.

A number of other research firms have also recently commented on GSHD. Truist Financial cut their target price on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Piper Sandler cut their target price on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. JMP Securities reiterated a “market outperform” rating and set a $100.00 target price on shares of Goosehead Insurance in a research report on Monday, April 15th. Finally, BMO Capital Markets lowered their price target on Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and an average price target of $74.00.

Goosehead Insurance Stock Up 0.7 %

Goosehead Insurance stock traded up $0.42 during midday trading on Friday, reaching $57.96. The company’s stock had a trading volume of 2,762 shares, compared to its average volume of 297,303. Goosehead Insurance has a fifty-two week low of $50.47 and a fifty-two week high of $92.76. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The company has a market cap of $2.20 billion, a P/E ratio of 93.48, a P/E/G ratio of 3.65 and a beta of 1.45. The business has a 50-day simple moving average of $60.09 and a 200-day simple moving average of $69.12.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The business had revenue of $64.46 million for the quarter, compared to analysts’ expectations of $66.24 million. On average, research analysts expect that Goosehead Insurance will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Goosehead Insurance news, COO Mark Miller acquired 10,000 shares of the stock in a transaction on Monday, April 29th. The shares were bought at an average price of $58.06 per share, with a total value of $580,600.00. Following the acquisition, the chief operating officer now owns 30,000 shares of the company’s stock, valued at $1,741,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in Goosehead Insurance by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock valued at $1,140,000 after purchasing an additional 161 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Goosehead Insurance by 13.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after acquiring an additional 165 shares in the last quarter. Janney Capital Management LLC boosted its stake in shares of Goosehead Insurance by 3.2% during the 4th quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock worth $440,000 after acquiring an additional 181 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Goosehead Insurance by 4.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock worth $419,000 after acquiring an additional 242 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Goosehead Insurance by 20.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock worth $107,000 after acquiring an additional 277 shares in the last quarter.

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.