Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $97.90 Average PT from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) has received a consensus recommendation of "Hold" from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $97.90.

Several equities analysts recently weighed in on GSHD shares. Royal Bank of Canada boosted their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. UBS Group raised their target price on Goosehead Insurance from $92.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Truist Financial upped their target price on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, October 4th. TD Cowen lifted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a "hold" rating in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research note on Tuesday, November 19th.

Goosehead Insurance Stock Up 3.4 %

Shares of GSHD traded up $4.16 during trading hours on Friday, hitting $126.34. 206,165 shares of the company were exchanged, compared to its average volume of 256,173. The firm's 50 day moving average is $101.22 and its 200-day moving average is $81.27. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $127.60. The company has a market cap of $4.69 billion, a PE ratio of 175.47, a PEG ratio of 4.70 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The business had revenue of $78.04 million during the quarter, compared to analysts' expectations of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. On average, equities research analysts forecast that Goosehead Insurance will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 2,167 shares of the company's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $90.09, for a total transaction of $195,225.03. Following the transaction, the insider now owns 5,000 shares of the company's stock, valued at approximately $450,450. This represents a 30.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the sale, the chief executive officer now directly owns 30,000 shares of the company's stock, valued at $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,232 shares of company stock valued at $13,425,876 in the last 90 days. 48.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GSHD. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of 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. Wasatch Advisors LP boosted its holdings in Goosehead Insurance by 5.6% during the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company's stock worth $233,872,000 after buying an additional 138,571 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Goosehead Insurance by 2.0% in 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 during the last quarter. State Street Corp raised its position in shares of Goosehead Insurance by 21.2% in the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company's stock valued at $94,595,000 after acquiring an additional 185,037 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company's stock worth $57,476,000 after acquiring an additional 5,969 shares during the last quarter.

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.