Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $110.10 Consensus Price Target from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) has received an average recommendation of "Hold" from the ten brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $115.40.

Several analysts have recently weighed in on the stock. BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research note on Monday. Bank of America lifted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. Truist Financial restated a "hold" rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Piper Sandler cut their target price on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday.

Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the sale, the insider now owns 132,349 shares in the company, valued at approximately $16,290,838.41. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the sale, the director now directly owns 339,008 shares of the company's stock, valued at $41,138,620.80. This trade represents a 37.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 308,812 shares of company stock worth $37,392,258. Insiders own 48.35% of the company's stock.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock worth $267,994,000 after purchasing an additional 19,980 shares during the period. American Century Companies Inc. lifted its holdings in shares of 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 purchasing an additional 220,267 shares during the period. Whitebark Investors LP acquired a new position in Goosehead Insurance in the fourth quarter valued at approximately $55,326,000. Northern Trust Corp lifted its holdings in 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 acquiring an additional 25,173 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Goosehead Insurance by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company's stock valued at $23,125,000 after acquiring an additional 5,459 shares during the period.

Goosehead Insurance Trading Down 5.0 %

Shares of NASDAQ:GSHD traded down $4.98 during trading hours on Wednesday, hitting $94.56. 432,753 shares of the company's stock traded hands, compared to its average volume of 277,792. The business has a fifty day moving average price of $113.04 and a 200-day moving average price of $111.53. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance has a 1 year low of $54.80 and a 1 year high of $130.39. The firm has a market capitalization of $3.53 billion, a P/E ratio of 131.34, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share 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 previous year, the firm posted $0.28 earnings per share. The company's revenue was up 17.2% on a year-over-year basis. Equities analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.