Goosehead Insurance (NASDAQ:GSHD) PT Raised to $115.00 at JMP Securities

Goosehead Insurance (NASDAQ:GSHD) had its price target increased by JMP Securities from $100.00 to $115.00 in a research report released on Thursday, Benzinga reports. They currently have a market outperform rating on the stock.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. UBS Group lifted their price target on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and lowered their price objective for the company from $98.00 to $94.00 in a research note on Thursday, August 15th. Truist Financial raised their target price 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 reiterated an “outperform” rating and issued a $84.00 price target (down from $85.00) on shares of Goosehead Insurance in a research report 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.40.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $108.59 on Thursday. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 152.94, a PEG ratio of 5.00 and a beta of 1.35. The firm’s fifty day simple moving average is $89.01 and its 200-day simple moving average is $73.29. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $109.95.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. Goosehead Insurance’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, equities analysts forecast that Goosehead Insurance will post 0.76 earnings per share for the current year.

Insider Transactions at Goosehead Insurance

In related news, Chairman Mark Evan Jones sold 10,418 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the completion of the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,388,051.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Goosehead Insurance news, Chairman Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock in a transaction on Friday, August 16th. The shares were sold at an average price of $85.88, for a total value of $894,697.84. Following the transaction, the chairman now owns 39,451 shares in the company, valued at $3,388,051.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $90.09, for a total transaction of $195,225.03. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at $450,450. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,798 shares of company stock worth $6,310,613 in the last three months. Company insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of GSHD. 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 buying an additional 879,959 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Goosehead Insurance by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after acquiring an additional 46,861 shares in the last quarter. Wasatch Advisors LP boosted its position in Goosehead Insurance by 17.2% during the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after purchasing an additional 308,312 shares during the period. Motley Fool Asset Management LLC increased its holdings in Goosehead Insurance by 407.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock valued at $35,542,000 after purchasing an additional 428,355 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after purchasing an additional 110,832 shares during the period.

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.