Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $99.20 Average Price Target from Brokerages

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $99.20.

Several research firms have issued reports on GSHD. TD Cowen upped their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their target price on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets upped their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, JMP Securities raised their price target on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th.

Goosehead Insurance Stock Down 3.7 %

Goosehead Insurance stock opened at $110.35 on Monday. Goosehead Insurance has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 153.27, a PEG ratio of 2.97 and a beta of 1.41. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The company’s 50 day simple moving average is $114.24 and its 200 day simple moving average is $95.48.

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

Goosehead Insurance Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a dividend of $5.91 per share. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date of this dividend is Tuesday, January 21st. Goosehead Insurance’s payout ratio is presently 638.89%.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $100.21, for a total transaction of $4,402,024.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the sale, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $3,306,600. The trade was a 66.04 % decrease in their position. The disclosure for this sale can be found here. 48.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in Goosehead Insurance in the 3rd quarter worth $29,000. GAMMA Investing LLC raised its holdings in shares of Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after acquiring an additional 231 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after acquiring an additional 403 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Goosehead Insurance in the third quarter valued at $60,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Goosehead Insurance in the third quarter worth $63,000.

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.