Goosehead Insurance Inc (GSHD) Given $27.33 Consensus Target Price by Analysts

Shares of Goosehead Insurance Inc (NASDAQ:GSHD) have been assigned an average broker rating score of 1.50 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a strong buy recommendation to the company.

Analysts have set a 1 year consensus price objective of $27.33 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Goosehead Insurance an industry rank of 84 out of 255 based on the ratings given to related companies.

GSHD has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on Goosehead Insurance in a research report on Tuesday, May 22nd. They set an “overweight” rating and a $20.00 price objective for the company. Zacks Investment Research raised Goosehead Insurance from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, July 25th. Keefe, Bruyette & Woods initiated coverage on Goosehead Insurance in a research report on Tuesday, May 22nd. They set a “buy” rating and a $20.00 price objective for the company. Bank of America initiated coverage on Goosehead Insurance in a research report on Tuesday, May 22nd. They set a “buy” rating and a $19.00 price objective for the company. Finally, William Blair initiated coverage on Goosehead Insurance in a research report on Wednesday, May 23rd. They set an “outperform” rating for the company.

Several institutional investors have recently made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Goosehead Insurance during the second quarter worth about $55,822,000. Jennison Associates LLC acquired a new position in shares of Goosehead Insurance during the second quarter worth about $20,355,000. BlackRock Inc. acquired a new position in shares of Goosehead Insurance during the second quarter worth about $12,772,000. American Century Companies Inc. acquired a new position in shares of Goosehead Insurance during the second quarter worth about $5,753,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Goosehead Insurance during the second quarter worth about $5,297,000. 18.21% of the stock is owned by institutional investors and hedge funds.

NASDAQ:GSHD traded up $1.24 on Tuesday, reaching $27.25. 58,983 shares of the company’s stock were exchanged, compared to its average volume of 133,672. Goosehead Insurance has a 52-week low of $10.78 and a 52-week high of $29.73.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Tuesday, August 7th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.74). The business had revenue of $14.79 million for the quarter, compared to the consensus estimate of $13.80 million. analysts anticipate that Goosehead Insurance will post 0.27 EPS for the current fiscal year.

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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