Goosehead Insurance (NASDAQ:GSHD) Earns “Hold” Rating from Truist Financial

Goosehead Insurance (NASDAQ:GSHD)‘s stock had its “hold” rating reaffirmed by Truist Financial in a research report issued on Tuesday,Benzinga reports. They currently have a $90.00 price target on the stock, up from their previous price target of $80.00. Truist Financial’s price target points to a potential downside of 28.05% from the company’s current price.

Several other analysts have also weighed in on the company. Piper Sandler increased their price target on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 28th. TD Cowen raised their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, BMO Capital Markets raised their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $100.20.

Goosehead Insurance Price Performance

Shares of GSHD stock traded up $19.44 on Tuesday, reaching $125.09. The company’s stock had a trading volume of 190,186 shares, compared to its average volume of 222,037. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $130.39. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock’s fifty day simple moving average is $107.58 and its 200-day simple moving average is $102.73. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 174.47, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently made changes to their positions in GSHD. R Squared Ltd purchased a new position in Goosehead Insurance during the 4th quarter valued at about $39,000. Blue Trust Inc. raised its stake in Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after buying an additional 403 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Goosehead Insurance during the 3rd quarter valued at $63,000. Kestra Investment Management LLC purchased a new position in shares of Goosehead Insurance in the 4th quarter valued at $63,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after acquiring an additional 509 shares in the last quarter.

Goosehead Insurance Company Profile

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.