Goosehead Insurance Inc (NASDAQ:GSHD) Receives $51.25 Average Price Target from Analysts

Shares of Goosehead Insurance Inc (NASDAQ:GSHD) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $51.25.

GSHD has been the topic of several analyst reports. JPMorgan Chase & Co. set a $60.00 price target on shares of Goosehead Insurance and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Royal Bank of Canada initiated coverage on shares of Goosehead Insurance in a research note on Tuesday, December 17th. They set an “outperform” rating and a $50.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Goosehead Insurance from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Zacks Investment Research cut shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Finally, ValuEngine cut shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th.

NASDAQ:GSHD opened at $44.15 on Friday. Goosehead Insurance has a 12 month low of $24.05 and a 12 month high of $51.98. The company has a market cap of $675.77 million, a PE ratio of 220.75, a price-to-earnings-growth ratio of 1.51 and a beta of 0.10. The company has a 50 day simple moving average of $42.09 and a two-hundred day simple moving average of $45.08.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Friday, November 1st. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Goosehead Insurance had a net margin of 5.69% and a negative return on equity of 15.46%. The business had revenue of $21.17 million during the quarter, compared to the consensus estimate of $21.57 million. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. As a group, equities analysts predict that Goosehead Insurance will post 0.33 earnings per share for the current year.

In related news, CFO Mark S. Colby sold 1,017 shares of Goosehead Insurance stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.02, for a total transaction of $45,785.34. Following the transaction, the chief financial officer now owns 18,576 shares in the company, valued at approximately $836,291.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Desiree Coleman sold 1,679 shares of Goosehead Insurance stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $51.18, for a total transaction of $85,931.22. Insiders have sold a total of 434,726 shares of company stock worth $18,368,640 in the last quarter. Corporate insiders own 67.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. Ashford Capital Management Inc. purchased a new position in shares of Goosehead Insurance during the 2nd quarter valued at $14,474,000. GW&K Investment Management LLC increased its holdings in Goosehead Insurance by 387.0% in the 3rd quarter. GW&K Investment Management LLC now owns 276,469 shares of the company’s stock valued at $13,644,000 after acquiring an additional 219,702 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Goosehead Insurance in the 2nd quarter valued at $7,985,000. Picton Mahoney Asset Management bought a new stake in Goosehead Insurance in the 3rd quarter valued at $7,911,000. Finally, BlackRock Inc. increased its holdings in Goosehead Insurance by 16.7% in the 2nd quarter. BlackRock Inc. now owns 697,667 shares of the company’s stock valued at $33,348,000 after acquiring an additional 99,656 shares during the last quarter. Institutional investors own 89.13% of the company’s stock.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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