Analysts Set Goosehead Insurance (NASDAQ:GSHD) Price Target at $68.73

Shares of Goosehead Insurance (NASDAQ:GSHDGet Free Report) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $68.2727.

Several equities analysts recently commented on GSHD shares. Citizens Jmp cut their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Royal Bank Of Canada raised their price target on shares of Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $76.00 price objective on shares of Goosehead Insurance in a research report on Thursday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday.

View Our Latest Stock Report on Goosehead Insurance

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $41.77, for a total value of $3,453,919.53. Following the completion of the transaction, the insider owned 7,050,356 shares of the company’s stock, valued at $294,493,370.12. This represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Martin Ellis Thornthwaite acquired 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the acquisition, the general counsel directly owned 5,000 shares in the company, valued at $207,500. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 12,800 shares of company stock valued at $480,718 and have sold 219,192 shares valued at $9,092,267. Company insiders own 38.07% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB increased its holdings in Goosehead Insurance by 12.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 6,500 shares of the company’s stock valued at $315,000 after buying an additional 700 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Goosehead Insurance by 484.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after acquiring an additional 426 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Goosehead Insurance by 471.9% during the 2nd 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. Bank of America Corp DE lifted its holdings in shares of Goosehead Insurance by 28.2% during the 1st quarter. Bank of America Corp DE now owns 329,333 shares of the company’s stock worth $14,049,000 after acquiring an additional 72,527 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Goosehead Insurance by 3,485.1% during the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock valued at $16,506,000 after acquiring an additional 376,114 shares in the last quarter.

Trending Headlines about Goosehead Insurance

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Goosehead Insurance Stock Up 4.9%

Shares of NASDAQ GSHD opened at $53.90 on Friday. The business’s 50 day moving average is $44.09 and its two-hundred day moving average is $49.04. The company has a market cap of $1.92 billion, a P/E ratio of 39.34, a P/E/G ratio of 1.82 and a beta of 1.41. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $93.90.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. Goosehead Insurance had a negative return on equity of 21.28% and a net margin of 8.78%.The company had revenue of $95.63 million during the quarter, compared to analyst estimates of $103.30 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. Sell-side analysts expect that Goosehead Insurance will post 1.45 earnings per share for the current fiscal year.

About Goosehead Insurance

(Get Free Report)

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.

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Analyst Recommendations for Goosehead Insurance (NASDAQ:GSHD)

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