Goosehead Insurance (NASDAQ:GSHD) Receives $80.78 Consensus PT from Brokerages

Shares of Goosehead Insurance (NASDAQ:GSHD) have received an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $80.7778.

Several analysts have commented on GSHD shares. Citizens Jmp dropped their price objective on Goosehead Insurance from $140.00 to $125.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 18th. Keefe, Bruyette & Woods decreased their target price on Goosehead Insurance from $95.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. Jefferies Financial Group started coverage on shares of Goosehead Insurance in a report on Monday, December 1st. They issued a “buy” rating and a $93.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $44.93 on Friday. The firm has a 50-day simple moving average of $58.37 and a two-hundred day simple moving average of $68.18. Goosehead Insurance has a fifty-two week low of $42.77 and a fifty-two week high of $127.99. The company has a market cap of $1.64 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The firm had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $99.67 million. During the same period last year, the firm earned $0.79 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Transactions at Goosehead Insurance

In other news, Director Louis Goldberg acquired 5,575 shares of the business’s stock in a transaction on Friday, February 20th. The stock was bought at an average cost of $44.85 per share, for a total transaction of $250,038.75. Following the purchase, the director owned 5,575 shares in the company, valued at approximately $250,038.75. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 37.76% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its stake in Goosehead Insurance by 12.6% during the 2nd quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock worth $240,074,000 after purchasing an additional 253,777 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Goosehead Insurance by 38.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after buying an additional 556,293 shares during the last quarter. Durable Capital Partners LP lifted its stake in shares of Goosehead Insurance by 126.5% in the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after buying an additional 861,374 shares in the last quarter. DF Dent & Co. Inc. lifted its stake in shares of Goosehead Insurance by 3.2% in the fourth quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock worth $76,939,000 after buying an additional 32,246 shares in the last quarter. Finally, State Street Corp boosted its position in Goosehead Insurance by 1.4% during the second quarter. State Street Corp now owns 1,027,500 shares of the company’s stock worth $108,412,000 after acquiring an additional 14,311 shares during the last quarter.

About Goosehead Insurance

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.