Goosehead Insurance (NASDAQ:GSHD) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Goosehead Insurance (NASDAQ:GSHD) had its price objective raised by stock analysts at Keefe, Bruyette & Woods from $110.00 to $127.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 4.44% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Truist Financial restated 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. Bank of America upped their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on 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 report on Tuesday, November 19th. Finally, TD Cowen lifted their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and a consensus price target of $105.10.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $121.60 on Wednesday. The company has a market cap of $4.51 billion, a P/E ratio of 168.89, a P/E/G ratio of 5.17 and a beta of 1.43. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $130.39. The company’s 50-day moving average price is $108.32 and its 200-day moving average price is $103.27. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors have recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Goosehead Insurance in the fourth quarter valued at approximately $39,000. Blue Trust Inc. lifted its holdings in Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after buying an additional 403 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance in the 3rd quarter valued at approximately $63,000. Kestra Investment Management LLC acquired a new position in shares of Goosehead Insurance in the fourth quarter worth $63,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after acquiring an additional 509 shares during the period.

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.