Royal Bank Of Canada Issues Positive Forecast for Goosehead Insurance (NASDAQ:GSHD) Stock Price

Goosehead Insurance (NASDAQ:GSHD) had its price objective raised by stock analysts at Royal Bank Of Canada from $52.00 to $55.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 1.20% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Bank of America dropped their target price on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. UBS Group lifted their price target on Goosehead Insurance from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday. Cantor Fitzgerald upped their price objective on Goosehead Insurance from $67.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday. Citizens Jmp cut their price objective on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. reduced their target price on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $66.45.

Goosehead Insurance Stock Up 1.5%

Shares of NASDAQ:GSHD traded up $0.81 during midday trading on Monday, hitting $54.35. The stock had a trading volume of 47,675 shares, compared to its average volume of 495,677. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $104.00. The business’s 50-day simple moving average is $41.72 and its 200-day simple moving average is $50.36. The company has a market cap of $1.94 billion, a P/E ratio of 47.51, a PEG ratio of 1.88 and a beta of 1.41.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.17. The firm had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, equities analysts predict that Goosehead Insurance will post 1.47 earnings per share for the current year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, General Counsel Martin Ellis Thornthwaite bought 5,000 shares of Goosehead Insurance stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the transaction, the general counsel owned 5,000 shares in the company, valued at $207,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston bought 2,800 shares of Goosehead Insurance stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $35.56 per share, with a total value of $99,568.00. Following the transaction, the insider owned 7,800 shares of the company’s stock, valued at $277,368. This trade represents a 56.00% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 12,800 shares of company stock valued at $480,718 and sold 219,192 shares valued at $9,092,267. 38.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Goosehead Insurance

Hedge funds and other institutional investors have recently bought and sold shares of the business. Phocas Financial Corp. acquired a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $3,669,000. Langdon Equity Partners bought a new stake in shares of Goosehead Insurance in the fourth quarter valued at approximately $41,892,000. UBS Group AG boosted its stake in shares of Goosehead Insurance by 26.7% in the fourth quarter. UBS Group AG now owns 156,019 shares of the company’s stock valued at $11,491,000 after buying an additional 32,920 shares during the period. M&T Bank Corp grew its position in Goosehead Insurance by 1,075.4% during the fourth quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock worth $8,531,000 after buying an additional 105,979 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Goosehead Insurance by 43,893.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock worth $4,795,000 after acquiring an additional 64,963 shares during the period.

About Goosehead Insurance

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.