Truist Financial analyst Mark Hughes maintained a Hold rating on GooseHead Insurance (GSHD – Research Report) yesterday and set a price target of $75.00. The company’s shares closed yesterday at $78.45.
Hughes covers the Financial sector, focusing on stocks such as Kinsale Capital Group, Arthur J Gallagher & Co, and Primerica. According to TipRanks, Hughes has an average return of 17.0% and a 73.91% success rate on recommended stocks.
GooseHead Insurance has an analyst consensus of Hold, with a price target consensus of $76.50.
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Based on GooseHead Insurance’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $37.69 million and a net profit of $3.67 million. In comparison, last year the company earned a revenue of $53.02 million and had a net profit of $342 thousand
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GSHD in relation to earlier this year. Most recently, in December 2023, Ryan Langston 2021 Family Trust, a Major Shareholder at GSHD sold 9,387.00 shares for a total of $684,072.73.
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GooseHead Insurance (GSHD) Company Description:
Goosehead Insurance, Inc. is a holding company, which engages in the provision of independent personal lines insurance agency. It operates through Corporate Channel, and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained and managed by the company. The Franchise Channel segment focuses in franchisee operations that are owned and managed by Franchisees. The company was founded by Robyn Jones and Mark E. Jones in 2003 and is headquartered in Westlake, TX.
Read More on GSHD:
- Goosehead Insurance appoints Lakamp as new Chief Service Officer
- Goosehead Insurance Appoints Industry Veteran David Lakamp as New Chief Service Officer
- Goosehead Insurance initiated with an Outperform at TD Cowen
- Goosehead Insurance price target raised to $85 from $80 at RBC Capital
- Goosehead Insurance management to meet with Piper Sandler
