Goosehead Insurance (NASDAQ:GSHD) Stock Rating Reaffirmed by Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Goosehead Insurance (NASDAQ:GSHD) in a research report released on Thursday, Benzinga reports. They currently have a $80.00 price objective on the stock.

GSHD has been the subject of a number of other research reports. Truist Financial upped their price target on Goosehead Insurance from $60.00 to $65.00 and gave the stock a hold rating in a research report on Thursday. Bank of America upped their price objective on Goosehead Insurance from $35.00 to $37.00 and gave the stock an underperform rating in a research note on Tuesday, June 11th. JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $59.00 to $65.00 and gave the stock a neutral rating in a research note on Thursday, July 11th. BMO Capital Markets dropped their price objective on Goosehead Insurance from $90.00 to $72.00 and set an outperform rating on the stock in a research note on Tuesday, April 30th. Finally, Piper Sandler upped their price objective on Goosehead Insurance from $65.00 to $72.00 and gave the stock an overweight rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $75.70.

Goosehead Insurance Trading Up 4.5 %

NASDAQ:GSHD opened at $88.68 on Thursday. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $92.76. The company has a quick ratio of 1.73, a current ratio of 1.13 and a debt-to-equity ratio of 2.31. The business has a 50 day moving average price of $61.51 and a two-hundred day moving average price of $67.34. The company has a market cap of $3.37 billion, a P/E ratio of 143.03, a price-to-earnings-growth ratio of 6.15 and a beta of 1.36.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. The firm had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s revenue was up 12.7% on a year-over-year basis. As a group, analysts expect that Goosehead Insurance will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Goosehead Insurance

Large investors have recently added to or reduced their stakes in the business. USA Financial Formulas raised its stake in Goosehead Insurance by 5,350.0% in the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after acquiring an additional 321 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Goosehead Insurance in the 4th quarter valued at $35,000. Benjamin F. Edwards & Company Inc. bought a new stake in Goosehead Insurance in the 1st quarter valued at $35,000. CENTRAL TRUST Co bought a new stake in Goosehead Insurance in the 1st quarter valued at $67,000. Finally, PNC Financial Services Group Inc. raised its stake in Goosehead Insurance by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after acquiring an additional 165 shares during the period.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.