Brokerages Set Goosehead Insurance, Inc (NASDAQ:GSHD) Price Target at $115.40

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) have earned a consensus rating of "Hold" from the ten research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $115.40.

A number of research analysts have weighed in on GSHD shares. UBS Group cut their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Piper Sandler dropped their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. JMP Securities reissued a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their price target on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, April 24th.

Goosehead Insurance Trading Up 0.6%

Shares of Goosehead Insurance stock traded up $0.69 during trading on Thursday, hitting $108.24. 145,587 shares of the company were exchanged, compared to its average volume of 270,528. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $4.06 billion, a P/E ratio of 150.34, a price-to-earnings-growth ratio of 5.17 and a beta of 1.46. The firm's fifty day moving average price is $106.22 and its 200 day moving average price is $110.89. Goosehead Insurance has a 1-year low of $54.80 and a 1-year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The business's quarterly revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Lindy Langston sold 1,105 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $110.05, for a total value of $121,605.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $120.82, for a total value of $5,281,283.84. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at $15,990,406.18. This represents a 24.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,678 shares of company stock valued at $17,689,105. 48.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Goosehead Insurance by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock worth $267,994,000 after buying an additional 19,980 shares during the period. American Century Companies Inc. lifted its position in Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock worth $69,597,000 after acquiring an additional 220,267 shares during the last quarter. Whitebark Investors LP bought a new stake in shares of Goosehead Insurance during the fourth quarter worth approximately $55,326,000. Goldman Sachs Group Inc. grew its position in shares of Goosehead Insurance by 86.6% in the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock valued at $41,885,000 after purchasing an additional 164,693 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Goosehead Insurance by 10.4% in the fourth quarter. Northern Trust Corp now owns 266,466 shares of the company's stock valued at $28,570,000 after purchasing an additional 25,173 shares during the last quarter.

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.