JPMorgan Chase & Co. Raises Goosehead Insurance (NASDAQ:GSHD) Price Target to $90.00

Goosehead Insurance (NASDAQ:GSHD - Free Report) had its price objective increased by JPMorgan Chase & Co. from $77.00 to $90.00 in a report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on GSHD. Piper Sandler increased their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. 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 report on Wednesday, November 20th. JMP Securities raised 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. BMO Capital Markets upped their target price 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. Finally, Royal Bank of Canada raised their price target on Goosehead Insurance from $95.00 to $109.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. One investment 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's stock. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of "Hold" and a consensus target price of $99.20.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD traded up $1.61 during mid-day trading on Friday, hitting $106.81. 144,734 shares of the company's stock traded hands, compared to its average volume of 153,767. 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 1 year low of $50.47 and a 1 year high of $130.39. The company's 50-day moving average is $114.87 and its two-hundred day moving average is $92.06. The company has a market capitalization of $3.96 billion, a P/E ratio of 148.35, a PEG ratio of 4.44 and a beta of 1.38.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The business had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities analysts anticipate that Goosehead Insurance will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total value of $953,500.00. Following the completion of the sale, the insider now owns 5,000 shares of the company's stock, valued at approximately $476,750. This represents a 66.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The disclosure for this sale can be found here. Insiders sold a total of 112,255 shares of company stock valued at $11,784,327 in the last ninety days. Corporate insiders own 48.35% of the company's stock.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position 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 valued at $196,956,000 after buying an additional 879,959 shares during the last quarter. State Street Corp lifted its position in Goosehead Insurance by 21.2% during the third 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 last quarter. Wasatch Advisors LP boosted its stake in Goosehead Insurance by 5.6% in the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company's stock valued at $233,872,000 after acquiring an additional 138,571 shares in the last quarter. American Century Companies Inc. grew its holdings in Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company's stock worth $24,179,000 after purchasing an additional 110,832 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Goosehead Insurance by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company's stock worth $22,580,000 after purchasing an additional 51,023 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.