Goosehead Insurance (NASDAQ:GSHD) Shares Gap Up Following Analyst Upgrade

Goosehead Insurance, Inc (NASDAQ:GSHD) gapped up prior to trading on Tuesday after Keefe, Bruyette & Woods raised their price target on the stock from $110.00 to $127.00. The stock had previously closed at $105.65, but opened at $114.87. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Goosehead Insurance shares last traded at $119.98, with a volume of 82,035 shares trading hands.

GSHD has been the subject of several other reports. Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday. Truist Financial reaffirmed a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. BMO Capital Markets upped their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, TD Cowen boosted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and a consensus price target of $105.10.

Institutional Trading of Goosehead Insurance

Several hedge funds have recently bought and sold shares of GSHD. R Squared Ltd purchased a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $39,000. Blue Trust Inc. grew its stake in Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after purchasing an additional 403 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Goosehead Insurance during the 4th quarter valued at $63,000. GAMMA Investing LLC increased its position in shares of Goosehead Insurance by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after purchasing an additional 257 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after purchasing an additional 509 shares during the period.

Goosehead Insurance Trading Up 0.3 %

The stock’s 50 day simple moving average is $108.04 and its two-hundred day simple moving average is $103.14. The stock has a market capitalization of $4.56 billion, a PE ratio of 170.59, a PEG ratio of 5.17 and a beta of 1.43. 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 Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a dividend of $5.91 per share. This is a boost from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend was Tuesday, January 21st. Goosehead Insurance’s dividend payout ratio is presently 638.89%.

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.