Goosehead Insurance, Inc (NASDAQ:GSHD) Given Average Recommendation of “Hold” by Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $99.20.

GSHD has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. JMP Securities lifted 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. TD Cowen raised their target price on shares of 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 shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Finally, Piper Sandler raised their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP increased its stake in shares of Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after acquiring an additional 138,571 shares during the period. Vanguard Group Inc. increased its stake in shares of Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock valued at $267,994,000 after acquiring an additional 19,980 shares during the period. State Street Corp increased its stake in shares of Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after acquiring an additional 185,037 shares during the period. American Century Companies Inc. increased its stake in shares of Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock valued at $69,597,000 after acquiring an additional 220,267 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Goosehead Insurance by 0.9% during the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after acquiring an additional 5,969 shares during the period.

Goosehead Insurance Stock Up 5.0 %

NASDAQ:GSHD opened at $115.38 on Friday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 160.25, a price-to-earnings-growth ratio of 5.05 and a beta of 1.43. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39. The stock has a 50-day simple moving average of $108.37 and a 200 day simple moving average of $101.29. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Goosehead Insurance Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were issued a dividend of $5.91 per share. The ex-dividend date was Tuesday, January 21st. This is a boost from Goosehead Insurance’s previous dividend of $1.63.

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.