Brokerages Set $31.00 Price Target for Goosehead Insurance Inc (GSHD)

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Shares of Goosehead Insurance Inc (NASDAQ:GSHD) have received a consensus broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and three have given a strong buy rating to the company.

Analysts have set a 12 month consensus price target of $31.00 for the company and are expecting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned Goosehead Insurance an industry rank of 183 out of 255 based on the ratings given to its competitors.

GSHD has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Goosehead Insurance from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods set a $32.00 price target on shares of Goosehead Insurance and gave the stock a “hold” rating in a research report on Tuesday, March 19th. Finally, Zacks Investment Research upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st.

In related news, VP Patrick Ryan Langston sold 15,000 shares of the business’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $31.10, for a total transaction of $466,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mark S. Colby sold 1,032 shares of the business’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $27.18, for a total transaction of $28,049.76. The disclosure for this sale can be found here. Insiders sold a total of 393,382 shares of company stock worth $11,404,368 in the last 90 days.

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at $209,000. MetLife Investment Advisors LLC acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at $255,000. King Luther Capital Management Corp lifted its position in shares of Goosehead Insurance by 29.6% during the 4th quarter. King Luther Capital Management Corp now owns 45,920 shares of the company’s stock valued at $1,207,000 after acquiring an additional 10,495 shares during the period. BlackRock Inc. lifted its position in shares of Goosehead Insurance by 3.1% during the 3rd quarter. BlackRock Inc. now owns 527,744 shares of the company’s stock valued at $17,875,000 after acquiring an additional 16,098 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Goosehead Insurance by 44.8% during the 4th quarter. Rhumbline Advisers now owns 13,391 shares of the company’s stock valued at $352,000 after acquiring an additional 4,141 shares during the period. Institutional investors own 77.13% of the company’s stock.

GSHD traded up $0.33 during trading on Wednesday, reaching $29.35. 152,689 shares of the company’s stock were exchanged, compared to its average volume of 163,268. Goosehead Insurance has a one year low of $10.78 and a one year high of $38.18. The firm has a market capitalization of $422.69 million and a price-to-earnings ratio of 146.75.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Thursday, March 7th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). The business had revenue of $14.72 million for the quarter, compared to the consensus estimate of $15.30 million. Goosehead Insurance had a negative return on equity of 23.68% and a negative net margin of 8.54%. As a group, research analysts expect that Goosehead Insurance will post 0.39 EPS for the current fiscal year.

The company also recently declared a special dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a $0.41 dividend. The ex-dividend date was Friday, March 15th.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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