Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $90.00

Goosehead Insurance (NASDAQ:GSHD) had its target price hoisted by JPMorgan Chase & Co. from $77.00 to $90.00 in a research note published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently commented on GSHD. BMO Capital Markets boosted their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Truist Financial upped their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada upped their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Piper Sandler upped their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Finally, JMP Securities upped their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. 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 company. According to MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus price target of $99.20.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $106.81 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market capitalization of $3.96 billion, a P/E ratio of 148.35, a P/E/G ratio of 4.44 and a beta of 1.41. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39. The firm has a 50-day moving average price of $114.87 and a two-hundred day moving average price of $92.54.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. Analysts anticipate that Goosehead Insurance will post 0.84 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mark Miller sold 58,327 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the sale, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. This represents a 66.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The disclosure for this sale can be found here. Insiders have sold 112,255 shares of company stock valued at $11,784,327 in the last ninety days. 48.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after buying an additional 257 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Goosehead Insurance in the third quarter valued at about $63,000. Sanctuary Advisors LLC purchased a new stake in shares of Goosehead Insurance in the third quarter valued at about $247,000. Geode Capital Management LLC raised its holdings in shares of Goosehead Insurance by 0.9% in the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after purchasing an additional 5,969 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Goosehead Insurance during the third quarter worth about $244,000.

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.