Goosehead Insurance (NASDAQ:GSHD) Receives $92.20 Consensus PT from Brokerages

Shares of Goosehead Insurance (NASDAQ:GSHD) have received a consensus rating of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $92.20.

A number of research firms have weighed in on GSHD. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a report on Tuesday, October 14th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Goosehead Insurance in a research note on Thursday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Keefe, Bruyette & Woods cut their price target on shares of Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Finally, Jefferies Financial Group assumed coverage on shares of Goosehead Insurance in a research report on Monday, December 1st. They set a “buy” rating and a $93.00 price target for the company.

Insiders Place Their Bets

In other Goosehead Insurance news, General Counsel John Terry O’connor acquired 2,100 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of $71.81 per share, with a total value of $150,801.00. Following the completion of the acquisition, the general counsel owned 3,100 shares of the company’s stock, valued at $222,611. This trade represents a 210.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas Mcconnon sold 69,686 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $73.62, for a total transaction of $5,130,283.32. Following the completion of the transaction, the director owned 269,322 shares in the company, valued at approximately $19,827,485.64. This trade represents a 20.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have acquired 7,973 shares of company stock valued at $577,487 in the last ninety days. Corporate insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently bought and sold shares of GSHD. Amundi increased its position in shares of Goosehead Insurance by 181.0% in the 1st quarter. Amundi now owns 51,524 shares of the company’s stock valued at $6,228,000 after acquiring an additional 33,188 shares during the period. Cresset Asset Management LLC acquired a new stake in Goosehead Insurance during the 1st quarter worth about $401,000. Public Sector Pension Investment Board grew its stake in Goosehead Insurance by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 77,334 shares of the company’s stock valued at $9,130,000 after purchasing an additional 16,570 shares during the last quarter. Nuveen LLC purchased a new position in shares of Goosehead Insurance in the first quarter worth about $8,025,000. Finally, Index Fund Advisors Inc. acquired a new stake in shares of Goosehead Insurance during the second quarter worth about $1,510,000.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $76.00 on Thursday. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 67.26, a PEG ratio of 12.40 and a beta of 1.52. The company’s fifty day simple moving average is $70.22 and its two-hundred day simple moving average is $85.72. Goosehead Insurance has a 1 year low of $64.40 and a 1 year high of $127.99.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). Goosehead Insurance had a net margin of 8.55% and a negative return on equity of 34.60%. The company had revenue of $90.44 million during the quarter, compared to analysts’ expectations of $94.25 million. During the same quarter last year, the firm posted $0.50 earnings per share. Goosehead Insurance’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

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.