JPMorgan Chase & Co. Boosts Goosehead Insurance (NASDAQ:GSHD) Price Target to $77.00

Goosehead Insurance (NASDAQ:GSHD) had its target price raised by JPMorgan Chase & Co. from $65.00 to $77.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

GSHD has been the subject of a number of other reports. TD Cowen decreased their price target on Goosehead Insurance from $105.00 to $98.00 and set a buy rating for the company in a report on Friday, May 24th. BMO Capital Markets lowered their target price on Goosehead Insurance from $90.00 to $72.00 and set an outperform rating for the company in a report on Tuesday, April 30th. Piper Sandler increased their price target on Goosehead Insurance from $65.00 to $72.00 and gave the stock an overweight rating in a report on Thursday, July 25th. Bank of America raised their price objective on shares of Goosehead Insurance from $35.00 to $37.00 and gave the stock an underperform rating in a research report on Tuesday, June 11th. Finally, Keefe, Bruyette & Woods reiterated an outperform rating and set a $84.00 target price (down previously from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $79.00.

Goosehead Insurance Price Performance

Shares of GSHD opened at $84.54 on Monday. The business has a 50-day moving average of $67.32 and a 200-day moving average of $68.34. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 136.35, a price-to-earnings-growth ratio of 4.61 and a beta of 1.35. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The firm had revenue of $78.10 million during the quarter, compared to analyst estimates of $74.31 million. During the same quarter last year, the business earned $0.25 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Goosehead Insurance will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Raymond James & Associates increased its position in shares of Goosehead Insurance by 17.5% during the fourth quarter. Raymond James & Associates now owns 4,672 shares of the company’s stock worth $354,000 after acquiring an additional 695 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Goosehead Insurance during the 4th quarter worth approximately $689,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Goosehead Insurance in the fourth quarter worth approximately $35,000. Louisiana State Employees Retirement System bought a new position in shares of Goosehead Insurance in the fourth quarter valued at approximately $925,000. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $485,000.

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.