Piper Sandler Raises Goosehead Insurance (NASDAQ:GSHD) Price Target to $88.00

Goosehead Insurance (NASDAQ:GSHD) had its target price upped by analysts at Piper Sandler from $85.00 to $88.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 28.98% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Truist Financial decreased their price objective on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday. TD Cowen began coverage on shares of Goosehead Insurance in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Goosehead Insurance currently has an average rating of “Moderate Buy” and an average price target of $82.43.

Goosehead Insurance Trading Up 5.0 %

NASDAQ GSHD traded up $3.24 during trading on Thursday, hitting $68.23. The stock had a trading volume of 192,581 shares, compared to its average volume of 265,138. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 119.96, a P/E/G ratio of 4.74 and a beta of 1.29. Goosehead Insurance has a one year low of $49.42 and a one year high of $92.76. The stock has a 50 day simple moving average of $77.96 and a 200 day simple moving average of $74.50.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The firm had revenue of $63.01 million during the quarter, compared to analysts’ expectations of $68.18 million. Sell-side analysts predict that Goosehead Insurance will post 0.81 earnings per share for the current year.

Insider Buying and Selling at Goosehead Insurance

In related news, General Counsel John Terry O’connor bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $73.46 per share, with a total value of $73,460.00. Following the transaction, the general counsel now directly owns 1,000 shares of the company’s stock, valued at approximately $73,460. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel John Terry O’connor bought 1,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $73.46 per share, with a total value of $73,460.00. Following the transaction, the general counsel now owns 1,000 shares of the company’s stock, valued at approximately $73,460. The disclosure for this purchase can be found here. In the last three months, insiders have bought 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Insiders own 48.35% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently bought and sold shares of GSHD. Capital World Investors increased its position in Goosehead Insurance by 335.5% during the first quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after purchasing an additional 437,576 shares during the last quarter. Wasatch Advisors Inc. increased its position in Goosehead Insurance by 30.7% during the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock worth $117,605,000 after purchasing an additional 351,769 shares during the last quarter. Vanguard Group Inc. increased its position in Goosehead Insurance by 17.8% during the third quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock worth $173,847,000 after purchasing an additional 351,630 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in Goosehead Insurance during the third quarter worth approximately $23,614,000. Finally, Ashford Capital Management Inc. increased its position in Goosehead Insurance by 172.5% during the fourth quarter. Ashford Capital Management Inc. now owns 474,215 shares of the company’s stock worth $16,285,000 after purchasing an additional 300,185 shares during the last quarter.

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.