Brokerages Set Goosehead Insurance (NASDAQ:GSHD) PT at $65.09

Shares of Goosehead Insurance (NASDAQ:GSHD) have been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $65.0909.

Several brokerages have weighed in on GSHD. Weiss Ratings downgraded Goosehead Insurance from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Royal Bank Of Canada boosted their price objective on Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a research report on Thursday, April 23rd. Piper Sandler lowered their price objective on Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Citizens Jmp lowered 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. decreased their target price on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 14th.

Insiders Place Their Bets

In other news, General Counsel Martin Ellis Thornthwaite purchased 5,000 shares of Goosehead Insurance stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $41.50 per share, with a total value of $207,500.00. Following the completion of the purchase, the general counsel directly owned 5,000 shares in the company, valued at approximately $207,500. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Ryan Langston purchased 2,800 shares of Goosehead Insurance stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of $35.56 per share, for a total transaction of $99,568.00. Following the completion of the purchase, the insider owned 7,800 shares of the company’s stock, valued at $277,368. This trade represents a 56.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 12,800 shares of company stock worth $480,718 and have sold 219,192 shares worth $9,092,267. 38.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GSHD. EverSource Wealth Advisors LLC raised its stake in shares of Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after buying an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after buying an additional 393 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Goosehead Insurance in the fourth quarter worth about $41,000. Fifth Third Bancorp raised its stake in shares of Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after buying an additional 284 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Goosehead Insurance by 614.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $74,000 after buying an additional 860 shares during the period.

Goosehead Insurance Price Performance

NASDAQ:GSHD opened at $46.87 on Monday. The business has a 50 day moving average of $40.54 and a 200 day moving average of $51.90. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 1.62 and a beta of 1.52. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $106.84.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the previous year, the company posted $0.26 EPS. Goosehead Insurance’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Goosehead Insurance will post 1.49 EPS for the current year.

Goosehead Insurance Company Profile

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.