Goosehead Insurance (NASDAQ:GSHD) Price Target Increased to $80.00 by Analysts at Truist Financial

Goosehead Insurance (NASDAQ:GSHD) had its price target upped by Truist Financial from $65.00 to $80.00 in a report issued on Friday, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other equities analysts also recently commented on GSHD. JPMorgan Chase & Co. upped their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the company a neutral rating in a research note on Monday, August 12th. Bank of America lifted their price objective on Goosehead Insurance from $35.00 to $37.00 and gave the stock an underperform rating in a research report on Tuesday, June 11th. TD Cowen downgraded 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 report on Thursday, August 15th. Keefe, Bruyette & Woods reiterated an outperform rating and issued a $84.00 price target (down previously from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. Finally, Royal Bank of Canada reissued an outperform rating and set a $80.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $81.90.

Goosehead Insurance Price Performance

Shares of GSHD opened at $87.63 on Friday. The business has a 50-day simple moving average of $86.06 and a two-hundred day simple moving average of $70.12. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $94.60. The stock has a market cap of $3.33 billion, a PE ratio of 141.34, a PEG ratio of 4.60 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $78.10 million for the quarter, compared to the consensus estimate of $74.31 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. Analysts anticipate that Goosehead Insurance will post 0.76 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, Chairman Mark Evan Jones sold 8,977 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $82.33, for a total transaction of $739,076.41. Following the transaction, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,248,000.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 2,167 shares of the firm’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 sale, the insider now directly owns 5,000 shares in the company, valued at $450,450. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark Evan Jones sold 8,977 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $82.33, for a total value of $739,076.41. Following the completion of the sale, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,248,000.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,798 shares of company stock valued at $5,357,113. 48.35% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after buying an additional 231 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Goosehead Insurance in the 1st quarter worth approximately $35,000. Cullen Frost Bankers Inc. grew its stake in shares of Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after purchasing an additional 210 shares during the period. Quarry LP increased its holdings in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after purchasing an additional 787 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after purchasing an additional 165 shares during the period.

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.