Cantor Fitzgerald Issues Positive Forecast for Goosehead Insurance (NASDAQ:GSHD) Stock Price

Goosehead Insurance (NASDAQ:GSHD) had its target price boosted by Cantor Fitzgerald from $67.00 to $76.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently commented on GSHD. Keefe, Bruyette & Woods lifted their target price on Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings cut Goosehead Insurance from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. cut their price target on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Citizens Jmp cut their price target on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Finally, Piper Sandler reduced their price objective on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $66.18.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $52.96 on Thursday. The stock has a market cap of $1.89 billion, a P/E ratio of 46.46, a P/E/G ratio of 1.97 and a beta of 1.41. The company has a fifty day moving average price of $41.60 and a two-hundred day moving average price of $50.51. Goosehead Insurance has a one year low of $33.68 and a one year high of $104.00.

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

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, General Counsel Martin Ellis Thornthwaite bought 5,000 shares of Goosehead Insurance stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the transaction, the general counsel owned 5,000 shares in the company, valued at $207,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Ryan Langston purchased 2,800 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $35.56 per share, for a total transaction of $99,568.00. Following the completion of the purchase, the insider directly owned 7,800 shares of the company’s stock, valued at $277,368. This represents a 56.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 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 corporate insiders.

Institutional Trading of Goosehead Insurance

A number of institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB raised its holdings in Goosehead Insurance by 484.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock valued at $25,000 after acquiring an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares during the period. Versant Capital Management Inc grew its holdings in shares of Goosehead Insurance by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock worth $37,000 after purchasing an additional 637 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Goosehead Insurance during the 4th quarter worth $41,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares in the last quarter.

About Goosehead Insurance

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.