Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $65.00

Goosehead Insurance (NASDAQ:GSHD) had its target price lifted by Truist Financial from $60.00 to $65.00 in a report released on Thursday morning, Benzinga reports. They currently have a hold rating on the stock.

Other equities analysts have also recently issued research reports about the company. TD Cowen decreased their price target on Goosehead Insurance from $105.00 to $98.00 and set a buy rating on the stock in a report on Friday, May 24th. Piper Sandler raised their target price on shares of Goosehead Insurance from $65.00 to $72.00 and gave the company an overweight rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Goosehead Insurance from $59.00 to $65.00 and gave the stock a neutral rating in a research note on Thursday, July 11th. Royal Bank of Canada restated an outperform rating and issued a $80.00 price objective on shares of Goosehead Insurance in a report on Friday, June 28th. Finally, BMO Capital Markets lowered their target price on shares of Goosehead Insurance from $90.00 to $72.00 and set an outperform rating for the company in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $75.70.

Goosehead Insurance Trading Up 4.5 %

Shares of GSHD opened at $88.68 on Thursday. The stock has a fifty day moving average price of $61.51 and a two-hundred day moving average price of $67.38. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.13. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $92.76. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 143.03, a PEG 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 the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The firm had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts predict that Goosehead Insurance will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other news, COO Mark Miller purchased 10,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was 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 directly owns 30,000 shares of the company’s stock, valued at $1,741,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of Goosehead Insurance by 16.4% in the 1st quarter. Sei Investments Co. now owns 123,967 shares of the company’s stock valued at $8,259,000 after buying an additional 17,443 shares during the period. Evoke Wealth LLC acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at $1,254,000. Capital International Investors grew its holdings in shares of Goosehead Insurance by 19.7% in the 4th quarter. Capital International Investors now owns 263,952 shares of the company’s stock valued at $20,008,000 after buying an additional 43,520 shares during the period. Vanguard Group Inc. grew its holdings in shares of Goosehead Insurance by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock valued at $173,847,000 after buying an additional 351,630 shares during the period. Finally, Cornercap Investment Counsel Inc. acquired a new position in Goosehead Insurance in the 4th quarter worth $485,000.

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.