Goosehead Insurance (NASDAQ:GSHD) PT Raised to $103.00 at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD) had its target price boosted by research analysts at Piper Sandler from $94.00 to $103.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 8.30% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a research report on Thursday, August 22nd. JMP Securities reissued a “market outperform” rating and issued a $100.00 price objective on shares of Goosehead Insurance in a research note on Tuesday, October 15th. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their target price for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. UBS Group increased their price target on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Truist Financial lifted their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Goosehead Insurance Trading Down 1.4 %

Shares of GSHD stock traded down $1.35 during trading hours on Monday, reaching $95.11. 37,933 shares of the stock were exchanged, compared to its average volume of 290,996. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 152.81, a price-to-earnings-growth ratio of 4.72 and a beta of 1.35. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $100.15. The company’s 50-day moving average price is $87.35 and its 200-day moving average price is $71.84. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 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 company had revenue of $78.10 million for the quarter, compared to the consensus estimate of $74.31 million. During the same quarter in the prior year, the company posted $0.25 EPS. Goosehead Insurance’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts anticipate that Goosehead Insurance will post 0.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Mark Evan Jones sold 10,418 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.88, for a total value of $894,697.84. Following the transaction, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,388,051.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Goosehead Insurance news, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84. Following the completion of the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,388,051.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston sold 4,814 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $90.26, for a total transaction of $434,511.64. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at $451,300. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,798 shares of company stock valued at $6,310,613. 48.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Goosehead Insurance

Hedge funds have recently modified their holdings of the stock. Everence Capital Management Inc. acquired a new position in shares of Goosehead Insurance in the third quarter worth about $274,000. Blue Trust Inc. lifted its position in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after buying an additional 403 shares in the last quarter. Trust Point Inc. grew its stake in Goosehead Insurance by 8.8% in the 3rd quarter. Trust Point Inc. now owns 7,508 shares of the company’s stock valued at $670,000 after acquiring an additional 609 shares during the period. Mechanics Bank Trust Department acquired a new stake in Goosehead Insurance in the 3rd quarter valued at $218,000. Finally, Atomi Financial Group Inc. acquired a new position in Goosehead Insurance during the third quarter worth $275,000.

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.