JMP Securities Increases Goosehead Insurance (NASDAQ:GSHD) Price Target to $115.00

by · The Markets Daily

Goosehead Insurance (NASDAQ:GSHD – Free Report) had its price objective upped by JMP Securities from $100.00 to $115.00 in a research report report published on Thursday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. TD Cowen lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their price target for the company from $98.00 to $94.00 in a research report on Thursday, August 15th. Royal Bank of Canada upped their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday. Piper Sandler raised their target price on Goosehead Insurance from $94.00 to $103.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Truist Financial upped their price target on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $89.40.

View Our Latest Stock Report on GSHD

Goosehead Insurance Price Performance

GSHD stock opened at $108.59 on Thursday. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $109.95. The firm has a market capitalization of $4.01 billion, a PE ratio of 152.94, a price-to-earnings-growth ratio of 5.00 and a beta of 1.35. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14. The business has a 50 day simple moving average of $89.01 and a 200-day simple moving average of $73.29.

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating 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 company had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same period in the prior year, the business earned $0.28 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts anticipate that Goosehead Insurance will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total value of $953,500.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $476,750. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Patrick Ryan Langston sold 10,000 shares of Goosehead Insurance stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total value of $953,500.00. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at $476,750. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark Evan Jones sold 10,418 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84. Following the completion of the sale, the chairman now directly owns 39,451 shares in the company, valued at approximately $3,388,051.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,798 shares of company stock valued at $6,310,613. Corporate insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GSHD. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Goosehead Insurance by 34.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after purchasing an additional 879,959 shares during the last quarter. Motley Fool Asset Management LLC lifted its position in shares of Goosehead Insurance by 407.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after buying an additional 428,355 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Goosehead Insurance by 17.2% during the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after buying an additional 308,312 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Goosehead Insurance by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after buying an additional 110,832 shares in the last quarter. Finally, Norden Group LLC grew its position in shares of Goosehead Insurance by 1,839.4% in the 1st quarter. Norden Group LLC now owns 109,942 shares of the company’s stock valued at $7,324,000 after buying an additional 104,273 shares during the last quarter.

About Goosehead Insurance

(Get Free Report)

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.

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