Analysts Set Goosehead Insurance (NASDAQ:GSHD) Price Target at $80.78

Shares of Goosehead Insurance (NASDAQ:GSHD) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $77.60.

A number of research analysts have weighed in on GSHD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Goosehead Insurance in a report on Wednesday, January 28th. Royal Bank Of Canada began coverage on shares of Goosehead Insurance in a research report on Tuesday. They issued a “hold” rating and a $49.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. Finally, Truist Financial lowered their target price on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $42.42 on Friday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 40.79, a PEG ratio of 2.98 and a beta of 1.57. Goosehead Insurance has a one year low of $40.32 and a one year high of $127.99. The business has a fifty day moving average price of $55.92 and a 200-day moving average price of $67.27.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The company had revenue of $78.20 million for the quarter, compared to analyst estimates of $99.67 million. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. Sell-side analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other news, Director Louis Goldberg purchased 5,575 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were purchased at an average price of $44.85 per share, with a total value of $250,038.75. Following the completion of the acquisition, the director owned 5,575 shares in the company, valued at $250,038.75. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Goosehead Insurance by 802.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Goosehead Insurance by 71.4% during the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after purchasing an additional 284 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Goosehead Insurance by 614.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 860 shares during the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.