Analysts Set Goosehead Insurance, Inc (NASDAQ:GSHD) PT at $99.20

Goosehead Insurance, Inc (NASDAQ:GSHD) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $99.20.

Several research analysts have commented on GSHD shares. 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 report on Friday, October 4th. Royal Bank of Canada raised their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen upped their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, JMP Securities upped their price target on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total value of $4,402,024.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.03% of the stock is currently owned by insiders.

Institutional Trading of Goosehead Insurance

A number of large investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Goosehead Insurance during the 3rd quarter valued at $29,000. GAMMA Investing LLC raised its stake in Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after acquiring an additional 231 shares during the period. Blue Trust Inc. raised 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 purchasing an additional 403 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of Goosehead Insurance in the third quarter valued at about $60,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Goosehead Insurance in the 3rd quarter worth approximately $63,000.

Goosehead Insurance Trading Down 3.7 %

Shares of GSHD stock opened at $110.35 on Monday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The business has a 50-day moving average of $114.24 and a 200 day moving average of $96.02. The stock has a market capitalization of $4.10 billion, a PE ratio of 153.27, a P/E/G ratio of 2.97 and a beta of 1.41. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, sell-side analysts anticipate that Goosehead Insurance will post 0.84 earnings per share for the current year.

Goosehead Insurance Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be given a $5.91 dividend. The ex-dividend date is Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63.

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.