Goosehead Insurance (NASDAQ:GSHD) Given New $115.00 Price Target at JMP Securities

Goosehead Insurance (NASDAQ:GSHD) had its price target increased by JMP Securities from $100.00 to $115.00 in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other research firms have also recently commented on GSHD. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. UBS Group raised their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets cut Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Finally, Piper Sandler raised their target price on Goosehead Insurance from $94.00 to $103.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $89.40.

Goosehead Insurance Trading Down 0.4 %

Shares of GSHD stock traded down $0.42 on Thursday, hitting $107.71. The company had a trading volume of 82,180 shares, compared to its average volume of 292,245. The firm has a market cap of $4.09 billion, a P/E ratio of 174.40, a P/E/G ratio of 4.72 and a beta of 1.35. The stock’s 50-day moving average is $88.55 and its two-hundred day moving average is $72.76. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $109.78.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter last year, the firm posted $0.28 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts anticipate that Goosehead Insurance will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.88, for a total transaction of $894,697.84. Following the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,388,051.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.88, for a total transaction of $894,697.84. Following the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,388,051.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 10,000 shares of Goosehead Insurance stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $95.35, for a total value of $953,500.00. Following the sale, the insider now owns 5,000 shares in the company, valued at $476,750. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,798 shares of company stock worth $6,310,613. 48.35% of the stock is owned by company insiders.

Institutional Trading of Goosehead Insurance

Several hedge funds have recently made changes to their positions in GSHD. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Goosehead Insurance by 34.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock valued at $196,956,000 after buying an additional 879,959 shares during the period. Motley Fool Asset Management LLC grew its position in Goosehead Insurance by 407.4% during the first quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after buying an additional 428,355 shares in the last quarter. Wasatch Advisors LP lifted its stake in Goosehead Insurance by 17.2% during the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after purchasing an additional 308,312 shares during the last quarter. American Century Companies Inc. lifted its stake in Goosehead Insurance by 35.7% during the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after purchasing an additional 110,832 shares during the last quarter. Finally, Norden Group LLC lifted its stake in shares of Goosehead Insurance by 1,839.4% in the 1st quarter. Norden Group LLC now owns 109,942 shares of the company’s stock valued at $7,324,000 after acquiring an additional 104,273 shares during the last quarter.

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.