Analysts Set Goosehead Insurance (NASDAQ:GSHD) PT at $68.73

Goosehead Insurance (NASDAQ:GSHD) has received an average rating of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $68.7273.

Several research analysts have issued reports on GSHD shares. Piper Sandler increased their target price on shares of Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank Of Canada boosted their price target on shares of Goosehead Insurance from $52.00 to $55.00 and gave the company a “sector perform” rating in a report on Monday, July 13th. Cantor Fitzgerald upped their price target on shares of Goosehead Insurance from $67.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Finally, UBS Group increased their price objective on shares of Goosehead Insurance from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $54.28 on Friday. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $104.00. The stock has a market cap of $1.93 billion, a P/E ratio of 47.61, a price-to-earnings-growth ratio of 1.92 and a beta of 1.41. The business’s 50 day moving average is $42.82 and its 200 day moving average is $49.57.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.20 by $0.17. The company had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.Goosehead Insurance’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. On average, sell-side analysts anticipate that Goosehead Insurance will post 1.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Martin Ellis Thornthwaite purchased 5,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the general counsel owned 5,000 shares of the company’s stock, valued at $207,500. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total value of $390,806.88. Following the completion of the transaction, the insider owned 6,995,180 shares in the company, valued at $285,123,536.80. This represents a 0.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 12,800 shares of company stock worth $480,718 and have sold 219,192 shares worth $9,092,267. Company insiders own 38.07% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds have recently made changes to their positions in the stock. Phocas Financial Corp. purchased a new position in shares of Goosehead Insurance during the 4th quarter valued at approximately $3,669,000. Langdon Equity Partners purchased a new stake in Goosehead Insurance during the fourth quarter worth $41,892,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Goosehead Insurance by 43,893.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock worth $4,795,000 after buying an additional 64,963 shares in the last quarter. M&T Bank Corp grew its position in Goosehead Insurance by 1,075.4% during the fourth quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after buying an additional 105,979 shares during the period. Finally, UBS Group AG grew its position in Goosehead Insurance by 26.7% during the fourth quarter. UBS Group AG now owns 156,019 shares of the company’s stock valued at $11,491,000 after buying an additional 32,920 shares during the period.

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.