Cantor Fitzgerald Boosts Goosehead Insurance (NASDAQ:GSHD) Price Target to $76.00

Goosehead Insurance (NASDAQ:GSHD) had its target price hoisted by stock analysts at Cantor Fitzgerald from $67.00 to $76.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 41.95% from the company’s current price.

Several other equities analysts have also recently weighed in on GSHD. Citizens Jmp decreased their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Royal Bank Of Canada upped their target price on shares of Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Finally, Piper Sandler reduced their price target on Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.18.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $53.54 on Thursday. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $104.00. The company has a market cap of $1.91 billion, a P/E ratio of 46.97, a P/E/G ratio of 1.83 and a beta of 1.41. The stock’s 50-day simple moving average is $41.72 and its 200 day simple moving average is $50.53.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The firm had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The business’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. As a group, equities analysts predict that Goosehead Insurance will post 1.48 earnings per share for the current fiscal year.

Insider Activity at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $41.77, for a total value of $3,453,919.53. Following the transaction, the insider owned 7,050,356 shares in the company, valued at approximately $294,493,370.12. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Arthur Martin purchased 5,000 shares of the stock in a transaction on Thursday, May 28th. The stock was bought at an average cost of $34.73 per share, for a total transaction of $173,650.00. Following the completion of the acquisition, the chief financial officer owned 5,000 shares in the company, valued at approximately $173,650. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 12,800 shares of company stock valued at $480,718 and sold 219,192 shares valued at $9,092,267. 38.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP grew its position in shares of Goosehead Insurance by 32.3% in the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock valued at $97,786,000 after purchasing an additional 559,087 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Goosehead Insurance by 38.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after purchasing an additional 556,293 shares during the last quarter. Durable Capital Partners LP lifted its holdings in Goosehead Insurance by 126.5% during the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after purchasing an additional 861,374 shares during the last quarter. DF Dent & Co. Inc. grew its holdings in Goosehead Insurance by 3.2% in the 4th quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock valued at $76,939,000 after buying an additional 32,246 shares in the last quarter. Finally, State Street Corp grew its holdings in Goosehead Insurance by 1.4% in the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after buying an additional 14,311 shares in the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.