Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $145.00

Goosehead Insurance (NASDAQ:GSHD) had its target price boosted by stock analysts at UBS Group from $120.00 to $145.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 23.68% from the company’s previous close.

GSHD has been the topic of several other reports. Bank of America boosted their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. BMO Capital Markets boosted their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Truist Financial reiterated a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.10.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $117.24 on Friday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 162.84, a PEG ratio of 5.17 and a beta of 1.49. Goosehead Insurance has a one year low of $50.47 and a one year high of $130.39. The company’s fifty day moving average is $110.22 and its two-hundred day moving average is $104.95. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark Evan Jones sold 40,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the transaction, the chairman now directly owns 38,951 shares of the company’s stock, valued at approximately $4,636,727.04. This represents a 50.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 264,600 shares of company stock worth $32,050,914. Corporate insiders own 38.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP increased its stake in shares of Goosehead Insurance by 5.6% during the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after acquiring an additional 138,571 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Goosehead Insurance by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock valued at $267,994,000 after acquiring an additional 19,980 shares during the last quarter. State Street Corp increased its stake in shares of Goosehead Insurance by 21.2% during the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after acquiring an additional 185,037 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Goosehead Insurance by 51.4% during the 4th 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. Finally, Geode Capital Management LLC increased its position in Goosehead Insurance by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock worth $57,476,000 after purchasing an additional 5,969 shares in the last quarter.

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.