Brokerages Set $31.00 Price Target for Goosehead Insurance Inc (GSHD)
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.
Several research firms recently commented on GSHD. Zacks Investment Research cut Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Keefe, Bruyette & Woods set a $32.00 price objective on Goosehead Insurance and gave the stock a “hold” rating in a research report on Tuesday, March 19th. Finally, ValuEngine raised Goosehead Insurance from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th.
Several institutional investors have recently bought and sold shares of GSHD. Hodges Capital Management Inc. lifted its holdings in shares of Goosehead Insurance by 1,062.8% in the 4th quarter. Hodges Capital Management Inc. now owns 286,170 shares of the company’s stock valued at $7,523,000 after purchasing an additional 261,560 shares during the last quarter. Ranger Investment Management L.P. purchased a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $6,089,000. American Century Companies Inc. lifted its holdings in shares of Goosehead Insurance by 31.3% in the 4th quarter. American Century Companies Inc. now owns 218,058 shares of the company’s stock valued at $5,733,000 after purchasing an additional 52,039 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $1,110,000. Finally, BlackRock Inc. lifted its holdings in shares of Goosehead Insurance by 3.1% in the 3rd quarter. BlackRock Inc. now owns 527,744 shares of the company’s stock valued at $17,875,000 after purchasing an additional 16,098 shares during the last quarter. 77.13% of the stock is owned by institutional investors and hedge funds.
GSHD traded up $0.33 on Wednesday, hitting $29.35. 152,689 shares of the company were exchanged, compared to its average volume of 163,268. Goosehead Insurance has a twelve month low of $10.78 and a twelve month high of $38.18. The stock has a market capitalization of $422.69 million and a price-to-earnings ratio of 146.75.
Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Thursday, March 7th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Goosehead Insurance had a negative return on equity of 23.68% and a negative net margin of 8.54%. The company had revenue of $14.72 million for the quarter, compared to analyst estimates of $15.30 million. As a group, equities research analysts anticipate that Goosehead Insurance will post 0.39 EPS for the current year.
The firm also recently disclosed a special dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a dividend of $0.41 per share. The ex-dividend date was Friday, March 15th.
About Goosehead Insurance
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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