Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Average Rating of "Hold" from Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) have received an average rating of "Hold" from the ten brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $115.40.

A number of research analysts have weighed in on the stock. UBS Group decreased their target price 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. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Truist Financial reaffirmed a "hold" rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder Lindy Langston sold 1,105 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $110.05, for a total value of $121,605.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the transaction, the director now owns 339,008 shares of the company's stock, valued at approximately $41,138,620.80. This trade represents a 37.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 413,883 shares of company stock worth $48,268,964 over the last 90 days. Corporate insiders own 48.35% of the company's stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently modified their holdings of GSHD. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the fourth quarter worth $55,326,000. American Century Companies Inc. lifted its position in Goosehead Insurance by 51.4% in the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock valued at $69,597,000 after acquiring an additional 220,267 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in Goosehead Insurance in the first quarter valued at $22,003,000. Goldman Sachs Group Inc. lifted its position in 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 acquiring an additional 164,693 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in Goosehead Insurance by 89.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after acquiring an additional 96,309 shares during the last quarter.

Goosehead Insurance Price Performance

GSHD stock traded up $1.56 during trading on Friday, hitting $108.80. The stock had a trading volume of 175,005 shares, compared to its average volume of 273,534. 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 twelve month low of $54.80 and a twelve month high of $130.39. The stock has a market capitalization of $4.08 billion, a P/E ratio of 151.11, a PEG ratio of 5.17 and a beta of 1.45. The company's 50-day moving average price is $108.37 and its two-hundred day moving average price is $111.65.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $75.58 million for the quarter, compared to analysts' expectations of $78.59 million. During the same period in the previous year, the firm posted $0.28 EPS. Goosehead Insurance's revenue was up 17.2% compared to the same quarter last year. As a group, research analysts predict that Goosehead Insurance will post 0.83 EPS for the current fiscal 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.