Goosehead Insurance (NASDAQ:GSHD) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its target price hoisted by stock analysts at BMO Capital Markets from $90.00 to $120.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 2.28% from the company's current price.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Goosehead Insurance from $65.00 to $77.00 and gave the company a "neutral" rating in a report on Monday, August 12th. JMP Securities raised their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a "market outperform" rating in a report on Thursday, October 24th. TD Cowen cut shares of Goosehead Insurance from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $98.00 to $94.00 in a research report on Thursday, August 15th. Truist Financial lifted their price target on Goosehead Insurance from $65.00 to $80.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Finally, UBS Group increased their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. One 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 stock. According to data from MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and an average target price of $94.30.

Goosehead Insurance Stock Down 0.9 %

GSHD stock traded down $1.08 during midday trading on Tuesday, hitting $117.32. The company's stock had a trading volume of 227,539 shares, compared to its average volume of 291,002. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $124.00. The firm has a 50-day simple moving average of $98.96 and a 200-day simple moving average of $79.94. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a market capitalization of $4.35 billion, a P/E ratio of 162.95, a PEG ratio of 4.58 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million during the quarter, compared to analyst estimates of $80.54 million. During the same period last year, the business posted $0.28 earnings per share. Goosehead Insurance's revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that Goosehead Insurance will post 0.84 EPS for the current year.

Insider Activity

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 2,167 shares of Goosehead Insurance stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $90.09, for a total value of $195,225.03. Following the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $450,450. This trade represents a 30.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Miller sold 58,327 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the sale, the chief executive officer now owns 30,000 shares of the company's stock, valued at $3,306,600. This trade represents a 66.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,262 shares of company stock valued at $14,589,805. 38.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Goosehead Insurance by 31.4% in the first quarter. Janney Montgomery Scott LLC now owns 4,428 shares of the company's stock valued at $295,000 after acquiring an additional 1,058 shares in the last quarter. Swiss National Bank increased its position in Goosehead Insurance by 2.4% during the 1st quarter. Swiss National Bank now owns 43,400 shares of the company's stock worth $2,891,000 after purchasing an additional 1,000 shares during the period. ProShare Advisors LLC increased its position in Goosehead Insurance by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 4,409 shares of the company's stock worth $294,000 after purchasing an additional 299 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Goosehead Insurance by 25.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,692 shares of the company's stock valued at $512,000 after buying an additional 1,540 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Goosehead Insurance by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company's stock valued at $160,962,000 after buying an additional 46,861 shares in 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.