Analysts Set Goosehead Insurance, Inc (NASDAQ:GSHD) Price Target at $99.20

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been assigned an average rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $99.20.

Several research analysts have issued reports on the stock. JMP Securities lifted their price target on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lifted their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Piper Sandler lifted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd.

Goosehead Insurance Trading Up 5.0 %

Goosehead Insurance stock opened at $115.38 on Friday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 160.25, a price-to-earnings-growth ratio of 5.05 and a beta of 1.43. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $130.39. The firm’s 50 day moving average price is $108.37 and its two-hundred day moving average price is $101.29.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a dividend of $5.91 per share. This is a boost from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date was Tuesday, January 21st.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Goosehead Insurance during the 3rd quarter valued at $29,000. GAMMA Investing LLC boosted its stake in shares of Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after buying an additional 231 shares during the period. R Squared Ltd acquired a new stake in shares of Goosehead Insurance during the 4th quarter valued at $39,000. Blue Trust Inc. boosted its stake in shares of Goosehead Insurance by 567.6% during 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. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Goosehead Insurance during the 3rd quarter valued at $60,000.

About Goosehead Insurance

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.