Goosehead Insurance (NASDAQ:GSHD) Stock Has Consensus Price Target of $68.45

Shares of Goosehead Insurance (NASDAQ:GSHD) have been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $66.27.

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $76.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price objective on Goosehead Insurance from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. 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 objective on Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of Goosehead Insurance from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $43.39 on Wednesday. The business has a 50 day moving average of $60.46 and a 200-day moving average of $49.96. The company has a market capitalization of $1.54 billion, a P/E ratio of 31.67, a P/E/G ratio of 1.65 and a beta of 1.46. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $79.85.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The business 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 company earned $0.49 EPS. The firm’s revenue was up 20.6% compared to the same quarter last year. Equities analysts anticipate that Goosehead Insurance will post 1.46 EPS for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 22,481 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $66.87, for a total transaction of $1,503,304.47. Following the completion of the sale, the insider directly owned 6,767,661 shares of the company’s stock, valued at $452,553,491.07. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Durable Capital Partners Lp purchased 150,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was bought at an average cost of $47.32 per share, with a total value of $7,098,000.00. Following the completion of the transaction, the insider directly owned 2,720,260 shares in the company, valued at $128,722,703.20. The trade was a 5.84% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 339,979 shares of company stock worth $18,446,632 and sold 267,000 shares worth $18,056,139. 38.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds have recently modified their holdings of GSHD. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Goosehead Insurance by 484.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock valued at $25,000 after acquiring an additional 426 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Goosehead Insurance by 471.9% during the second quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock worth $37,000 after acquiring an additional 637 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Goosehead Insurance during the second quarter worth $48,000. Nykredit A S purchased a new position in Goosehead Insurance in the second quarter worth $50,000. Finally, Compass Financial Management LLC purchased a new position in Goosehead Insurance in the second quarter worth $192,000.

About Goosehead Insurance

Goosehead Insurance, Inc is an independent insurance agency and distribution company that helps individuals and businesses shop for insurance coverage from a broad network of insurance carriers. The company uses a technology-enabled platform to provide quoting, policy management and customer service through its corporate operations and franchise network.

Goosehead offers a range of personal and commercial insurance products, including homeowners, automobile, renters, flood, umbrella and life insurance, along with coverage designed for small businesses and other commercial customers.