Goosehead Insurance (NASDAQ:GSHD) Price Target Lowered to $65.00 at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD) had its price target cut by investment analysts at Piper Sandler from $88.00 to $65.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 7.97% from the stock’s previous close.

Several other equities analysts also recently commented on GSHD. TD Cowen started coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 target price for the company. BMO Capital Markets decreased their price objective on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Truist Financial reduced their price objective on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $60.20 on Thursday. Goosehead Insurance has a 1 year low of $53.57 and a 1 year high of $92.76. The company has a fifty day simple moving average of $70.97 and a 200 day simple moving average of $72.75. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. The company has a market cap of $2.28 billion, a P/E ratio of 105.61, a P/E/G ratio of 4.31 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The company had revenue of $64.46 million for the quarter, compared to the consensus estimate of $66.24 million. On average, sell-side analysts predict that Goosehead Insurance will post 0.8 EPS 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 stock was sold at an average price of $75.67, for a total value of $297,685.78. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at approximately $10,014,848.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Desiree Coleman sold 2,324 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.67, for a total value of $297,685.78. Following the transaction, 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 three months, insiders have acquired 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. Company insiders own 38.03% of the company’s stock.

Institutional Trading of Goosehead Insurance

Hedge funds have recently made changes to their positions in the business. CENTRAL TRUST Co acquired a new stake in Goosehead Insurance during the 1st quarter valued at $67,000. Wesbanco Bank Inc. bought a new position in shares of Goosehead Insurance in the first quarter valued at about $653,000. Norden Group LLC lifted its stake in shares of Goosehead Insurance by 1,839.4% during the 1st quarter. Norden Group LLC now owns 109,942 shares of the company’s stock worth $7,324,000 after buying an additional 104,273 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Goosehead Insurance by 17.2% during the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock worth $140,025,000 after buying an additional 308,312 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake in Goosehead Insurance by 20.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,607 shares of the company’s stock valued at $107,000 after buying an additional 277 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.