Bank of America Forecasts Strong Price Appreciation for Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) had its target price increased by equities researchers at Bank of America from $39.00 to $43.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Bank of America‘s price objective indicates a potential downside of 64.99% from the company’s current price.

GSHD has been the subject of a number of other reports. Truist Financial reissued a “hold” rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday. BMO Capital Markets increased their price target on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. TD Cowen raised their target price on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler raised their target price on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $105.10.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $122.82 on Tuesday. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $130.39. The stock’s 50 day moving average price is $108.04 and its two-hundred day moving average price is $103.14. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 170.59, a PEG ratio of 5.17 and a beta of 1.43.

Institutional Trading of Goosehead Insurance

Institutional investors have recently made changes to their positions in the business. R Squared Ltd purchased a new stake in shares of Goosehead Insurance during the fourth quarter worth about $39,000. Blue Trust Inc. boosted its stake in Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after buying an additional 403 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Goosehead Insurance during the 4th quarter valued at approximately $63,000. GAMMA Investing LLC grew its holdings in 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 buying an additional 257 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after buying an additional 509 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.