Goosehead Insurance (NASDAQ:GSHD) Price Target Increased to $94.00 by Analysts at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD) had its price objective upped by Piper Sandler from $72.00 to $94.00 in a report published on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on GSHD. BMO Capital Markets downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price on the stock. in a report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and dropped their target price for the stock from $98.00 to $94.00 in a report on Thursday, August 15th. Truist Financial lifted their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. One equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.10.

Goosehead Insurance Stock Down 1.9 %

Shares of GSHD opened at $97.52 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $3.70 billion, a PE ratio of 157.29, a P/E/G ratio of 4.72 and a beta of 1.35. The firm’s 50 day moving average is $87.10 and its 200-day moving average is $71.55. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $100.15.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. Equities research analysts forecast that Goosehead Insurance will post 0.76 EPS for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of Goosehead Insurance stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the transaction, the insider now owns 5,000 shares in the company, valued at approximately $425,950. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at $425,950. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $85.88, for a total value of $894,697.84. Following the completion of the transaction, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,388,051.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,798 shares of company stock worth $6,310,613. 48.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Goosehead Insurance

Several large investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in Goosehead Insurance by 34.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after purchasing an additional 879,959 shares during the period. Motley Fool Asset Management LLC grew its position in shares of Goosehead Insurance by 407.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after buying an additional 428,355 shares during the period. Wasatch Advisors LP increased its stake in shares of Goosehead Insurance by 17.2% in the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after acquiring an additional 308,312 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Goosehead Insurance by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after acquiring an additional 110,832 shares during the period. Finally, Norden Group LLC boosted its stake in Goosehead Insurance by 1,839.4% during the first quarter. Norden Group LLC now owns 109,942 shares of the company’s stock worth $7,324,000 after acquiring an additional 104,273 shares in the last quarter.

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.