Goosehead Insurance (NASDAQ:GSHD) Shares Gap Up to $55.50

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $55.50, but opened at $58.14. Goosehead Insurance shares last traded at $56.20, with a volume of 33,069 shares trading hands.

Analysts Set New Price Targets

GSHD has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their target price on shares of Goosehead Insurance from $93.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday. Truist Financial decreased their target price on shares of Goosehead Insurance from $70.00 to $60.00 and set a "hold" rating for the company in a research note on Thursday. JMP Securities reiterated a "market outperform" rating and set a $100.00 target price on shares of Goosehead Insurance in a research note on Monday, April 15th. Piper Sandler decreased their target price on shares of Goosehead Insurance from $88.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, March 28th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $80.89.

Goosehead Insurance Price Performance

The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $2.16 billion, a PE ratio of 91.69, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28. The firm has a 50 day moving average price of $68.89 and a 200 day moving average price of $72.42.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $64.46 million during the quarter, compared to analyst estimates of $66.24 million. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. Research analysts anticipate that Goosehead Insurance, Inc will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel John Terry O'connor bought 1,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $73.46 per share, with a total value of $73,460.00. Following the acquisition, the general counsel now owns 1,000 shares of the company's stock, valued at approximately $73,460. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Mark E. Jr. Jones bought 1,332 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $74.86 per share, with a total value of $99,713.52. Following the acquisition, the chief financial officer now owns 1,332 shares of the company's stock, valued at approximately $99,713.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel John Terry O'connor bought 1,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $73.46 per share, with a total value of $73,460.00. Following the acquisition, the general counsel now directly owns 1,000 shares in the company, valued at approximately $73,460. The disclosure for this purchase can be found here. In the last quarter, insiders bought 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. 48.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GSHD. Vanguard Group Inc. boosted its holdings in shares of Goosehead Insurance by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company's stock valued at $173,847,000 after purchasing an additional 351,630 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Goosehead Insurance during the 3rd quarter valued at about $23,614,000. Wasatch Advisors LP boosted its holdings 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 valued at $140,025,000 after purchasing an additional 308,312 shares during the last quarter. Barclays PLC boosted its holdings in shares of Goosehead Insurance by 1,673.1% during the 3rd quarter. Barclays PLC now owns 191,401 shares of the company's stock valued at $14,266,000 after purchasing an additional 180,606 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Goosehead Insurance during the 3rd quarter valued at about $9,501,000.

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.