Goosehead Insurance (NASDAQ:GSHD) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Goosehead Insurance (NASDAQ:GSHD) had its price target lifted by equities research analysts at Cantor Fitzgerald from $67.00 to $76.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 43.49% from the stock’s current price.

A number of other equities research analysts have also recently commented on GSHD. Keefe, Bruyette & Woods raised their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Bank of America decreased their target price on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada increased their price target on shares of Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. UBS Group raised their price target on shares of Goosehead Insurance from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings cut shares of Goosehead Insurance from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $66.18.

Goosehead Insurance Price Performance

NASDAQ:GSHD traded down $3.94 during mid-day trading on Thursday, hitting $52.97. The company’s stock had a trading volume of 260,548 shares, compared to its average volume of 492,609. The business’s fifty day moving average is $41.52 and its two-hundred day moving average is $50.65. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 46.66, a PEG ratio of 1.93 and a beta of 1.41. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $104.00.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The business had revenue of $79.48 million during the quarter, compared to analysts’ expectations of $105.16 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. Analysts anticipate that Goosehead Insurance will post 1.48 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO John Arthur Martin purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average price of $34.73 per share, with a total value of $173,650.00. Following the acquisition, the chief financial officer owned 5,000 shares in the company, valued at $173,650. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Ryan Langston acquired 2,800 shares of Goosehead Insurance stock in a transaction on Friday, May 29th. The shares were bought at an average price of $35.56 per share, with a total value of $99,568.00. Following the completion of the transaction, the insider directly owned 7,800 shares of the company’s stock, valued at $277,368. This trade represents a 56.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 12,800 shares of company stock valued at $480,718 and sold 219,192 shares valued at $9,092,267. 38.07% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

Institutional investors have recently modified their holdings of the stock. Meixler Investment Management Ltd. grew its holdings in shares of Goosehead Insurance by 5.3% in the fourth quarter. Meixler Investment Management Ltd. now owns 4,355 shares of the company’s stock valued at $321,000 after purchasing an additional 220 shares during the period. Gibbs Wealth Management raised its stake in Goosehead Insurance by 3.8% during the fourth quarter. Gibbs Wealth Management now owns 6,133 shares of the company’s stock worth $459,000 after purchasing an additional 227 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Goosehead Insurance by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company’s stock valued at $1,268,000 after purchasing an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after buying an additional 269 shares during the period. Finally, Blair William & Co. IL grew its stake in shares of Goosehead Insurance by 5.0% in the 4th quarter. Blair William & Co. IL now owns 6,831 shares of the company’s stock valued at $503,000 after buying an additional 323 shares during the period.

About Goosehead Insurance

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.