Goosehead Insurance (NASDAQ:GSHD) Given New $130.00 Price Target at TD Cowen

Goosehead Insurance (NASDAQ:GSHD) had its price objective lifted by TD Cowen from $94.00 to $130.00 in a report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other research firms have also commented on GSHD. BMO Capital Markets boosted 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 report on Tuesday. Truist Financial boosted their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Piper Sandler boosted their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, UBS Group boosted their price objective on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $97.90.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $120.43 on Wednesday. The firm’s fifty day simple moving average is $99.74 and its 200-day simple moving average is $80.22. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 167.27, a PEG ratio of 4.58 and a beta of 1.32. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $124.00. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The company had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. During the same period in the previous year, the company posted $0.28 EPS. Goosehead Insurance’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that Goosehead Insurance will post 0.84 earnings per share for the current year.

Insider Transactions at Goosehead Insurance

In related news, CEO Mark Miller sold 58,327 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. This represents a 66.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $90.09, for a total transaction of $195,225.03. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $450,450. This trade represents a 30.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,232 shares of company stock worth $13,425,876 in the last three months. Company insiders own 38.03% of the company’s stock.

Institutional Trading of Goosehead Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of GSHD. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance during the 3rd quarter worth approximately $29,000. GAMMA Investing LLC grew its position in Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after acquiring an additional 231 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Goosehead Insurance by 49.4% in the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. Blue Trust Inc. grew its position in Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares in the last quarter. Finally, Quarry LP grew its position in Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 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.