Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $127.00 at Keefe, Bruyette & Woods

Goosehead Insurance (NASDAQ:GSHD) had its price target upped by research analysts at Keefe, Bruyette & Woods from $110.00 to $127.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 3.72% from the stock’s current price.

A number of other analysts have also issued reports on GSHD. TD Cowen lifted their target price on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. BMO Capital Markets lifted their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Truist Financial reiterated a “hold” rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday. Bank of America lifted their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $105.10.

Goosehead Insurance Stock Performance

Goosehead Insurance stock opened at $122.45 on Wednesday. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 170.07, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43. The firm’s fifty day moving average price is $107.74 and its 200 day moving average price is $103.00.

Institutional Trading of Goosehead Insurance

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of Goosehead Insurance by 567.6% in the 3rd 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 period. International Assets Investment Management LLC lifted its holdings in Goosehead Insurance by 7,593.8% in the third quarter. International Assets Investment Management LLC now owns 10,002 shares of the company’s stock worth $8,930,000 after acquiring an additional 9,872 shares during the last quarter. Jacobson & Schmitt Advisors LLC boosted its stake in Goosehead Insurance by 10.6% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 141,642 shares of the company’s stock valued at $12,649,000 after acquiring an additional 13,594 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Goosehead Insurance in the third quarter valued at approximately $2,134,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Goosehead Insurance during the third quarter valued at approximately $780,000.

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.