Bank of America reiterated their buy rating on shares of Goosehead Insurance (NASDAQ:GSHD)in a report issued on Friday morning, Briefing.com Automated Import reports. They currently have a $37.00 target price on the stock, up from their previous target price of $35.00.
GSHD has been the topic of several other reports. Zacks Investment Research lowered shares of Goosehead Insurance from a hold rating to a sell rating in a report on Thursday, January 24th. Keefe, Bruyette & Woods set a $32.00 price objective on shares of Goosehead Insurance and gave the stock a hold rating in a research note on Tuesday, March 19th.
Finally, ValuEngine upgraded shares of Goosehead Insurance from a hold rating to a buy rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $30.50.
Shares of Goosehead Insurance stock traded up $4.23 on Friday, hitting $34.94. 406,204 shares of the company traded hands, compared to its average volume of 136,889. The company has a market capitalization of $507.89 million and a PE ratio of 174.70. Goosehead Insurance has a 52 week low of $13.22 and a 52 week high of $38.18.
Goosehead Insurance last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.06. Goosehead Insurance had a negative net margin of 8.54% and a negative return on equity of 23.68%. The business had revenue of $23.13 million for the quarter, compared to analyst estimates of $21.30 million. Goosehead Insurance’s quarterly revenue was up 58.6% compared to the same quarter last year. As a group, research analysts expect that Goosehead Insurance will post 0.39 earnings per share for the current year.