Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $43.00 at Bank of America

Goosehead Insurance (NASDAQ:GSHD) had its price target increased by Bank of America from $39.00 to $43.00 in a report published on Tuesday,Benzinga reports. Bank of America currently has an underperform rating on the stock.

Other research analysts have also recently issued research reports about the company. Truist Financial reissued a “hold” rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Piper Sandler raised their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. BMO Capital Markets upped their target price on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Finally, TD Cowen upped their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus target price of $105.10.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $121.60 on Tuesday. Goosehead Insurance has a 12-month low of $50.47 and a 12-month high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 168.89, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43. The business has a 50 day simple moving average of $108.32 and a 200 day simple moving average of $103.27.

Goosehead Insurance Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a dividend of $5.91 per share. The ex-dividend date was Tuesday, January 21st. This is a positive change from Goosehead Insurance’s previous dividend of $1.63. Goosehead Insurance’s dividend payout ratio (DPR) is currently 638.89%.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd purchased a new position in Goosehead Insurance in the 4th quarter worth about $39,000. Blue Trust Inc. increased its position in shares of Goosehead Insurance by 567.6% in the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after acquiring an additional 403 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Goosehead Insurance in the third quarter worth approximately $63,000. Kestra Investment Management LLC acquired a new stake in shares of Goosehead Insurance during the fourth quarter valued at approximately $63,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after acquiring an additional 509 shares in the last quarter.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.