Goosehead Insurance (NASDAQ:GSHD) Receives $92.20 Consensus Price Target from Analysts

Shares of Goosehead Insurance (NASDAQ:GSHD) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $92.20.

Several research firms have recently weighed in on GSHD. JPMorgan Chase & Co. reduced their price target on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Truist Financial cut their price objective on shares of Goosehead Insurance from $85.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. Keefe, Bruyette & Woods lowered their target price on Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. UBS Group dropped their price target on Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Finally, Zacks Research upgraded Goosehead Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $73.65 on Monday. Goosehead Insurance has a 1 year low of $64.40 and a 1 year high of $127.99. The business has a 50-day moving average of $72.26 and a two-hundred day moving average of $81.41. The company has a market capitalization of $2.71 billion, a P/E ratio of 65.18, a price-to-earnings-growth ratio of 12.41 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). Goosehead Insurance had a net margin of 8.55% and a negative return on equity of 34.60%. The business had revenue of $90.44 million for the quarter, compared to the consensus estimate of $94.25 million. During the same quarter last year, the firm earned $0.50 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, General Counsel John Terry O’connor acquired 2,100 shares of the stock in a transaction dated Wednesday, November 26th. The shares were bought at an average cost of $71.81 per share, for a total transaction of $150,801.00. Following the completion of the acquisition, the general counsel directly owned 3,100 shares of the company’s stock, valued at approximately $222,611. This trade represents a 210.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark E. Jr. Jones acquired 873 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was acquired at an average cost of $74.44 per share, for a total transaction of $64,986.12. Following the transaction, the chief financial officer owned 4,364 shares of the company’s stock, valued at $324,856.16. This represents a 25.01% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 7,973 shares of company stock worth $577,487. 48.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after buying an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after acquiring an additional 393 shares in the last quarter. CWM LLC increased its position in shares of Goosehead Insurance by 73.8% in the second quarter. CWM LLC now owns 471 shares of the company’s stock valued at $50,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp raised its holdings in Goosehead Insurance by 71.4% during the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after acquiring an additional 284 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in Goosehead Insurance during the first quarter worth about $72,000.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.