Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $103.00 at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD) had its price objective boosted by Piper Sandler from $94.00 to $103.00 in a report released on Monday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 target price on shares of Goosehead Insurance in a report on Thursday, July 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $84.00 target price (down previously from $85.00) on shares of Goosehead Insurance in a report on Friday, July 26th. TD Cowen downgraded Goosehead Insurance from a “buy” rating to a “hold” rating and lowered their price objective for the company from $98.00 to $94.00 in a research note on Thursday, August 15th. JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, UBS Group upped their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $89.40.

Goosehead Insurance Trading Up 12.6 %

GSHD opened at $108.13 on Monday. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 174.40, a P/E/G ratio of 4.72 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $108.16. The company has a 50-day simple moving average of $88.55 and a 200 day simple moving average of $72.76.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. Analysts predict that Goosehead Insurance will post 0.76 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total transaction of $953,500.00. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $476,750. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total transaction of $953,500.00. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $476,750. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark Evan Jones sold 11,699 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $85.75, for a total transaction of $1,003,189.25. Following the sale, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,382,923.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,798 shares of company stock valued at $6,310,613. 48.35% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Goosehead Insurance by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock worth $160,962,000 after buying an additional 46,861 shares during the period. Sei Investments Co. grew its position in shares of Goosehead Insurance by 16.4% during the 1st quarter. Sei Investments Co. now owns 123,967 shares of the company’s stock worth $8,259,000 after buying an additional 17,443 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Goosehead Insurance by 30.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock worth $2,017,000 after buying an additional 8,193 shares during the period. Quarry LP grew its position in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after buying an additional 787 shares during the period. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Goosehead Insurance during the 2nd quarter worth approximately $408,000.

About Goosehead Insurance

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.