Fintel reports that on September 20, 2023, BMO Capital upgraded their outlook for Goosehead Insurance Inc - (NASDAQ:GSHD) from Market Perform to Outperform .
Analyst Price Forecast Suggests 0.47% Downside
As of August 31, 2023, the average one-year price target for Goosehead Insurance Inc - is 74.33. The forecasts range from a low of 41.41 to a high of $105.00. The average price target represents a decrease of 0.47% from its latest reported closing price of 74.68.
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The projected annual revenue for Goosehead Insurance Inc - is 274MM, an increase of 13.85%. The projected annual non-GAAP EPS is 0.92.
What is the Fund Sentiment?
There are 363 funds or institutions reporting positions in Goosehead Insurance Inc -. This is a decrease of 1 owner(s) or 0.27% in the last quarter. Average portfolio weight of all funds dedicated to GSHD is 0.31%, an increase of 24.49%. Total shares owned by institutions decreased in the last three months by 0.13% to 29,777K shares. 
The put/call ratio of GSHD is 1.23, indicating a bearish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 2,842K shares representing 11.66% ownership of the company. In it's prior filing, the firm reported owning 2,897K shares, representing a decrease of 1.96%. The firm increased its portfolio allocation in GSHD by 12.50% over the last quarter.
Wasatch Advisors holds 2,479K shares representing 10.17% ownership of the company. In it's prior filing, the firm reported owning 2,549K shares, representing a decrease of 2.84%. The firm increased its portfolio allocation in GSHD by 13.92% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 1,878K shares representing 7.70% ownership of the company. In it's prior filing, the firm reported owning 1,688K shares, representing an increase of 10.14%. The firm increased its portfolio allocation in GSHD by 26.94% over the last quarter.
Capital World Investors holds 1,688K shares representing 6.92% ownership of the company. No change in the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 1,393K shares representing 5.72% ownership of the company. In it's prior filing, the firm reported owning 1,443K shares, representing a decrease of 3.59%. The firm increased its portfolio allocation in GSHD by 21.01% over the last quarter.
Goosehead Insurance Background Information
(This description is provided by the company.)
Goosehead Insurance Inc. is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services throughout the United States. Goosehead was founded on the premise that the consumer should be at the center of its universe and that everything the company does should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 140 insurance companies that underwrite personal lines and small commercial lines risks, and its operations include a network of nine corporate sales offices and over 1,468 operating and contracted franchise locations.
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