Goosehead Insurance (NASDAQ:GSHD) PT Raised to $103.00 at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD - Free Report) had its target price lifted by Piper Sandler from $94.00 to $103.00 in a research report released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

GSHD has been the topic of a number of other research reports. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. UBS Group boosted their target price on Goosehead Insurance from $92.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. BMO Capital Markets lowered Goosehead Insurance from an "outperform" rating to a "market perform" rating and set a $90.00 price target for the company. in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $80.00 target price on shares of Goosehead Insurance in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $85.00.

Goosehead Insurance Price Performance

GSHD stock traded down $0.06 during trading on Monday, reaching $96.40. The company's stock had a trading volume of 186,038 shares, compared to its average volume of 291,725. The company's fifty day moving average is $87.35 and its 200-day moving average is $71.84. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $100.15. The company has a market capitalization of $3.66 billion, a P/E ratio of 153.40, a price-to-earnings-growth ratio of 4.72 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The firm had revenue of $78.10 million for the quarter, compared to the consensus estimate of $74.31 million. During the same quarter in the previous year, the company posted $0.25 EPS. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. On average, research analysts expect that Goosehead Insurance will post 0.76 earnings per share for the current fiscal year.

Insider Activity at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 10,000 shares of the company's stock in a transaction dated 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 directly owns 5,000 shares of the company's stock, valued at approximately $476,750. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Patrick Ryan Langston sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $95.35, for a total transaction of $953,500.00. Following the sale, the insider now owns 5,000 shares of the company's stock, valued at $476,750. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark Evan Jones sold 8,977 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $82.33, for a total transaction of $739,076.41. Following the completion of the sale, the chairman now owns 39,451 shares in the company, valued at $3,248,000.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,798 shares of company stock valued at $6,310,613 in the last ninety days. Insiders own 48.35% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GSHD. Vanguard Group Inc. increased its holdings in 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 during the last quarter. Sei Investments Co. boosted its holdings in shares of Goosehead Insurance by 16.4% in the first quarter. Sei Investments Co. now owns 123,967 shares of the company's stock valued at $8,259,000 after acquiring an additional 17,443 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Goosehead Insurance by 30.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company's stock valued at $2,017,000 after purchasing an additional 8,193 shares during the period. Quarry LP raised its position in Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company's stock worth $47,000 after acquiring an additional 787 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in Goosehead Insurance during the second quarter worth approximately $408,000.

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.