Goosehead Insurance, Inc (NASDAQ:GSHD) Given Average Rating of “Hold” by Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been given an average rating of “Hold” by the ten research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $99.20.

A number of analysts have recently weighed in on GSHD shares. Royal Bank of Canada boosted 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. JMP Securities boosted their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. Piper Sandler raised their price target on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Goosehead Insurance in the 3rd quarter valued at $29,000. GAMMA Investing LLC increased its stake in Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after acquiring an additional 231 shares during the period. R Squared Ltd acquired a new position in Goosehead Insurance in the fourth quarter worth about $39,000. Blue Trust Inc. lifted its stake in 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, Kestra Investment Management LLC acquired a new stake in Goosehead Insurance during the fourth quarter valued at approximately $63,000.

Goosehead Insurance Stock Up 1.4 %

GSHD opened at $107.61 on Friday. The firm has a market cap of $3.99 billion, a P/E ratio of 149.46, a price-to-earnings-growth ratio of 5.03 and a beta of 1.43. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The business has a 50 day moving average price of $109.71 and a 200 day moving average price of $100.00. Goosehead Insurance has a twelve month low of $50.47 and a twelve 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 a positive change from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st.

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.