Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $99.20 Consensus Target Price from Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) have earned a consensus recommendation of "Hold" from the ten research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $99.20.

A number of research firms have recently commented on GSHD. TD Cowen increased their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. JMP Securities increased their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Royal Bank of Canada increased their price objective on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets increased their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 19th.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently bought and sold shares of GSHD. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance during the third quarter worth approximately $29,000. GAMMA Investing LLC increased its holdings in shares of Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company's stock worth $31,000 after purchasing an additional 231 shares during the period. R Squared Ltd bought a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $39,000. Blue Trust Inc. increased its holdings in shares of Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company's stock worth $42,000 after purchasing an additional 403 shares during the period. Finally, Financial Management Professionals Inc. bought a new position in shares of Goosehead Insurance during the third quarter worth approximately $60,000.

Goosehead Insurance Stock Down 1.2 %

GSHD stock traded down $1.35 during trading hours on Friday, reaching $111.09. 111,211 shares of the stock were exchanged, compared to its average volume of 229,590. The firm's 50-day moving average is $109.43 and its 200-day moving average is $100.80. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 154.05, a PEG ratio of 5.05 and a beta of 1.43. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $130.39.

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a $5.91 dividend. This is an increase from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st.

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.