Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $109.10 Consensus Target Price from Brokerages

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been assigned a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $109.10.

Several equities research analysts have issued reports on the company. Truist Financial restated a “hold” rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. UBS Group upped their price target on shares of Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a report on Friday, March 7th. Bank of America raised their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their target price 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th.

Insider Buying and Selling

In other news, CFO Mark E. Jr. Jones acquired 1,010 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $118.02 per share, with a total value of $119,200.20. Following the acquisition, the chief financial officer now directly owns 2,342 shares in the company, valued at approximately $276,402.84. The trade was a 75.83 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 308,812 shares of company stock worth $37,392,258 in the last three months. 48.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whitebark Investors LP acquired a new position in Goosehead Insurance during the 4th quarter worth $55,326,000. American Century Companies Inc. raised its stake in shares of Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock valued at $69,597,000 after purchasing an additional 220,267 shares in the last quarter. State Street Corp raised its stake in shares of Goosehead Insurance by 21.2% during the third quarter. State Street Corp now owns 1,059,298 shares of the company’s stock valued at $94,595,000 after purchasing an additional 185,037 shares in the last quarter. Wasatch Advisors LP grew its position in Goosehead Insurance by 5.6% in the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after buying an additional 138,571 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Goosehead Insurance by 89.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock valued at $21,870,000 after buying an additional 96,309 shares during the period.

Goosehead Insurance Stock Down 10.9 %

Shares of NASDAQ GSHD opened at $107.72 on Friday. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 149.61, a PEG ratio of 5.17 and a beta of 1.48. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $130.39. 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 stock’s 50-day simple moving average is $114.69 and its 200-day simple moving average is $109.32.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were given a dividend of $5.91 per share. The ex-dividend date was Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s payout ratio is currently 400.00%.

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.