Brokerages Set Goosehead Insurance (NASDAQ:GSHD) Target Price at $109.36

Shares of Goosehead Insurance (NASDAQ:GSHD) have earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $109.3636.

A number of analysts have recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, July 25th. Piper Sandler dropped their price target on shares of Goosehead Insurance from $109.00 to $92.00 and set a “neutral” rating on the stock in a report on Tuesday, September 2nd. Zacks Research raised shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Keefe, Bruyette & Woods dropped their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Finally, UBS Group dropped their price target on shares of Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, July 28th.

Insider Buying and Selling

In other Goosehead Insurance news, CFO Mark E. Jr. Jones acquired 1,149 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of $86.08 per share, with a total value of $98,905.92. Following the completion of the acquisition, the chief financial officer owned 3,491 shares in the company, valued at $300,505.28. This represents a 49.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total transaction of $258,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 244,770 shares of company stock valued at $21,568,721. 37.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in GSHD. Durable Capital Partners LP purchased a new position in shares of Goosehead Insurance in the second quarter worth approximately $71,832,000. Balyasny Asset Management L.P. boosted its holdings in shares of Goosehead Insurance by 118.7% in the second quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock worth $58,744,000 after buying an additional 302,130 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Goosehead Insurance by 12.6% in the second quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock worth $240,074,000 after buying an additional 253,777 shares during the last quarter. 3G Capital Partners LP boosted its holdings in shares of Goosehead Insurance by 105.6% in the second quarter. 3G Capital Partners LP now owns 462,500 shares of the company’s stock worth $48,798,000 after buying an additional 237,500 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Goosehead Insurance during the 1st quarter worth approximately $22,003,000.

Goosehead Insurance Stock Up 1.8%

Shares of NASDAQ GSHD opened at $79.39 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. Goosehead Insurance has a 12 month low of $77.02 and a 12 month high of $130.39. The firm has a market capitalization of $2.98 billion, a PE ratio of 70.26, a price-to-earnings-growth ratio of 6.67 and a beta of 1.34. The firm has a fifty day simple moving average of $87.34 and a two-hundred day simple moving average of $100.31.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. Equities analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.