Goosehead Insurance (NASDAQ:GSHD) Price Target Cut to $90.00 by Analysts at BMO Capital Markets

Goosehead Insurance (NASDAQ:GSHD) had its price target cut by stock analysts at BMO Capital Markets from $95.00 to $90.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 32.18% from the company’s current price.

A number of other equities analysts have also issued reports on the company. TD Cowen initiated coverage on Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price for the company. Truist Financial reduced their target price on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a report on Thursday. Finally, Piper Sandler upped their target price on shares of Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Goosehead Insurance Stock Up 4.8 %

NASDAQ GSHD traded up $3.10 during midday trading on Thursday, hitting $68.09. 236,303 shares of the company traded hands, compared to its average volume of 265,871. Goosehead Insurance has a 52 week low of $49.42 and a 52 week high of $92.76. The company’s 50-day simple moving average is $77.96 and its 200-day simple moving average is $74.50. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $2.58 billion, a PE ratio of 118.51, a price-to-earnings-growth ratio of 4.74 and a beta of 1.29.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The business had revenue of $63.01 million for the quarter, compared to analysts’ expectations of $68.18 million. As a group, equities research analysts forecast that Goosehead Insurance will post 0.81 earnings per share for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.67, for a total transaction of $297,685.78. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $10,014,848.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 8,952 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $80.05, for a total value of $716,607.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.67, for a total transaction of $297,685.78. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $10,014,848.83. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. Insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GSHD. PNC Financial Services Group Inc. lifted its stake in Goosehead Insurance by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock valued at $106,000 after buying an additional 165 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Goosehead Insurance by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,369,254 shares of the company’s stock valued at $179,589,000 after purchasing an additional 36,676 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Goosehead Insurance by 14.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 294,977 shares of the company’s stock valued at $22,359,000 after purchasing an additional 37,805 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Goosehead Insurance by 8.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,375 shares of the company’s stock valued at $408,000 after purchasing an additional 440 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Goosehead Insurance by 7.2% during the fourth quarter. GSA Capital Partners LLP now owns 23,659 shares of the company’s stock worth $1,793,000 after buying an additional 1,591 shares during 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.