Goosehead Insurance (NASDAQ:GSHD) Price Target Increased to $109.00 by Analysts at Royal Bank of Canada

Goosehead Insurance (NASDAQ:GSHD) had its price objective lifted by Royal Bank of Canada from $95.00 to $109.00 in a research report sent to investors on Thursday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other research analysts have also commented on GSHD. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and cut their price target for the stock from $98.00 to $94.00 in a research report on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. JMP Securities reiterated a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a research note on Tuesday, October 15th. Truist Financial lifted their target price on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. One equities 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $89.40.

Goosehead Insurance Stock Down 0.4 %

Shares of NASDAQ GSHD traded down $0.42 during midday trading on Thursday, hitting $107.71. 82,180 shares of the company’s stock were exchanged, compared to its average volume of 292,245. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $109.78. The company has a market cap of $4.09 billion, a PE ratio of 174.40, a P/E/G ratio of 4.72 and a beta of 1.35. The firm’s fifty day simple moving average is $88.55 and its 200-day simple moving average is $72.76.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The business had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. During the same quarter last year, the company earned $0.28 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Research analysts predict that Goosehead Insurance will post 0.76 EPS for the current fiscal year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the sale, the insider now directly owns 5,000 shares in the company, valued at approximately $425,950. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Goosehead Insurance news, Chairman Mark Evan Jones sold 14,030 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $82.96, for a total transaction of $1,163,928.80. Following the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,272,854.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $85.19, for a total value of $653,748.06. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $425,950. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,798 shares of company stock worth $6,310,613 over the last three months. 48.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings 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 worth $160,962,000 after acquiring an additional 46,861 shares during the last quarter. Sei Investments Co. increased its stake in 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 purchasing an additional 17,443 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Goosehead Insurance by 30.4% in the second 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 last quarter. Quarry LP increased its stake in Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after purchasing an additional 787 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Goosehead Insurance in the second quarter valued at $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.