Analysts Set Goosehead Insurance (NASDAQ:GSHD) Price Target at $92.20

by · The Cerbat Gem

Shares of Goosehead Insurance (NASDAQ:GSHD – Get Free Report) have earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $92.20.

A number of brokerages recently commented on GSHD. JPMorgan Chase & Co. reduced their price objective on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Goosehead Insurance in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Goosehead Insurance in a research note on Friday, October 31st. Piper Sandler dropped their price objective on Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group started coverage on Goosehead Insurance in a research note on Monday, December 1st. They issued a “buy” rating and a $93.00 target price on the stock.

Read Our Latest Stock Analysis on GSHD

Goosehead Insurance Price Performance

NASDAQ:GSHD opened at $70.16 on Monday. Goosehead Insurance has a 1-year low of $64.40 and a 1-year high of $127.99. The company has a 50-day moving average of $72.17 and a 200 day moving average of $81.14. The firm has a market cap of $2.58 billion, a PE ratio of 62.09, a price-to-earnings-growth ratio of 9.53 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.46 EPS 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 during the quarter, compared to the consensus estimate of $94.25 million. During the same quarter in the prior year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Activity

In other news, CEO Mark Miller bought 5,000 shares of the stock in a transaction on Friday, November 28th. The stock was bought at an average cost of $72.34 per share, for a total transaction of $361,700.00. Following the completion of the purchase, the chief executive officer directly owned 35,000 shares in the company, valued at approximately $2,531,900. The trade was a 16.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel John Terry O’connor purchased 2,100 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was purchased 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. The trade was a 210.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 7,973 shares of company stock worth $577,487 in the last quarter. 48.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Goosehead Insurance

A number of institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its position in Goosehead Insurance by 12.6% during the 2nd quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after buying an additional 253,777 shares in the last quarter. Durable Capital Partners LP increased its holdings in shares of Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after acquiring an additional 861,374 shares in the last quarter. State Street Corp increased its holdings in shares of Goosehead Insurance by 1.4% during the second quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after acquiring an additional 14,311 shares in the last quarter. DF Dent & Co. Inc. raised its position in shares of Goosehead Insurance by 2.0% in the 3rd quarter. DF Dent & Co. Inc. now owns 1,012,414 shares of the company’s stock valued at $75,344,000 after purchasing an additional 20,085 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Goosehead Insurance by 25.4% in the 2nd quarter. Geode Capital Management LLC now owns 705,284 shares of the company’s stock worth $74,422,000 after purchasing an additional 143,038 shares in the last quarter.

Goosehead Insurance Company Profile

(Get Free Report)

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.

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