Brokerages Set Goosehead Insurance (NASDAQ:GSHD) Target Price at $68.45

Shares of Goosehead Insurance (NASDAQ:GSHD) have been given a consensus rating of “Hold” by the fourteen research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $68.4545.

Several analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $76.00 price objective on shares of Goosehead Insurance in a report on Thursday, July 23rd. UBS Group raised their target price on Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada lifted their price target on shares of Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Piper Sandler boosted their price target on shares of Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th.

Insider Buying and Selling at Goosehead Insurance

In related news, major shareholder Adrienne Kebodeaux sold 5,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $65.20, for a total value of $326,000.00. Following the completion of the transaction, the insider owned 280,027 shares of the company’s stock, valued at $18,257,760.40. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Durable Capital Partners Lp purchased 36,256 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $61.92 per share, with a total value of $2,244,971.52. Following the purchase, the insider owned 2,570,260 shares of the company’s stock, valued at approximately $159,150,499.20. This trade represents a 1.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 202,779 shares of company stock worth $11,829,350 and sold 468,616 shares worth $26,163,838. Insiders own 38.07% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in Goosehead Insurance by 85.7% in the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after buying an additional 1,999 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Goosehead Insurance by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after acquiring an additional 578 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock valued at $41,885,000 after acquiring an additional 164,693 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Goosehead Insurance by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock valued at $6,894,000 after purchasing an additional 3,218 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Goosehead Insurance by 28.2% in the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after purchasing an additional 2,461 shares in the last quarter.

Goosehead Insurance Price Performance

GSHD stock opened at $66.29 on Tuesday. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $90.16. The company has a 50-day moving average of $52.72 and a two-hundred day moving average of $48.49. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 48.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.17. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.The company had revenue of $95.63 million for the quarter, compared to the consensus estimate of $103.30 million. During the same period last year, the business posted $0.49 earnings per share. The firm’s revenue was up 20.6% compared to the same quarter last year. Equities analysts expect that Goosehead Insurance will post 1.45 EPS for the current fiscal year.

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.