Goosehead Insurance (NASDAQ:GSHD – Get Rating) had its target price raised by analysts at Royal Bank of Canada from $66.00 to $72.00 in a research note issued on Thursday, The Fly reports. Royal Bank of Canada’s price target points to a potential upside of 19.32% from the company’s current price.
Several other equities research analysts have also weighed in on the company. Piper Sandler boosted their target price on Goosehead Insurance from $59.00 to $64.00 in a report on Thursday, April 27th. Credit Suisse Group reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Goosehead Insurance in a report on Wednesday, March 1st. Truist Financial raised their target price on shares of Goosehead Insurance from $40.00 to $50.00 in a research note on Thursday, April 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of Goosehead Insurance from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance presently has an average rating of “Moderate Buy” and a consensus price target of $63.14.
Goosehead Insurance Stock Down 2.3 %
Shares of GSHD opened at $60.34 on Thursday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 464.15, a price-to-earnings-growth ratio of 3.69 and a beta of 1.20. The company’s fifty day moving average is $56.22 and its 200-day moving average is $46.85. Goosehead Insurance has a 12 month low of $29.23 and a 12 month high of $71.04.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. Goosehead Insurance had a net margin of 1.21% and a negative return on equity of 6.68%. The firm had revenue of $57.96 million during the quarter, compared to analysts’ expectations of $53.73 million. During the same period in the prior year, the company posted ($0.11) earnings per share. Goosehead Insurance’s revenue for the quarter was up 40.4% on a year-over-year basis. As a group, research analysts predict that Goosehead Insurance will post 0.38 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Goosehead Insurance news, major shareholder Desiree Coleman sold 5,284 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $55.07, for a total value of $290,989.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 5,284 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $55.07, for a total value of $290,989.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 10,112 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $60.18, for a total value of $608,540.16. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $7,964,762.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,504 shares of company stock valued at $14,700,625. 48.35% of the stock is owned by company insiders.
Institutional Investors Weigh In On Goosehead Insurance
Several institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System boosted its stake in shares of Goosehead Insurance by 0.7% in the 1st quarter. California State Teachers Retirement System now owns 24,732 shares of the company’s stock valued at $1,291,000 after purchasing an additional 172 shares in the last quarter. Pier 88 Investment Partners LLC boosted its position in Goosehead Insurance by 12.9% in the first quarter. Pier 88 Investment Partners LLC now owns 2,535 shares of the company’s stock valued at $132,000 after buying an additional 290 shares in the last quarter. Logan Capital Management Inc. boosted its position in Goosehead Insurance by 3.5% in the third quarter. Logan Capital Management Inc. now owns 11,080 shares of the company’s stock valued at $394,000 after buying an additional 376 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Goosehead Insurance by 2.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 16,236 shares of the company’s stock worth $558,000 after buying an additional 431 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Goosehead Insurance by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 152,137 shares of the company’s stock valued at $7,942,000 after acquiring an additional 438 shares during the last quarter. Institutional investors own 99.96% of the company’s stock.
Goosehead Insurance Company Profile
(Get Rating)
Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines of insurance. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.
Further Reading
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