Goosehead Insurance (NASDAQ:GSHD) Given New $85.00 Price Target at Keefe, Bruyette & Woods

Goosehead Insurance (NASDAQ:GSHD) had its price target reduced by Keefe, Bruyette & Woods from $93.00 to $85.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. JMP Securities reiterated a market outperform rating and set a $100.00 price target on shares of Goosehead Insurance in a research report on Monday, April 15th. BMO Capital Markets cut their target price 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 lowered their price target on Goosehead Insurance from $75.00 to $70.00 and set a hold rating for the company in a research report on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on Goosehead Insurance from $61.00 to $62.00 and gave the company a neutral rating in a report on Monday, April 8th. Finally, TD Cowen initiated coverage on Goosehead Insurance in a report on Wednesday, January 10th. They set an outperform rating and a $105.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Goosehead Insurance has a consensus rating of Moderate Buy and a consensus price target of $80.89.

Goosehead Insurance Stock Down 11.7 %

GSHD stock opened at $53.16 on Thursday. The firm’s 50 day moving average price is $70.38 and its 200-day moving average price is $72.67. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $2.02 billion, a PE ratio of 85.74, a PEG ratio of 4.32 and a beta of 1.28. Goosehead Insurance has a one year low of $50.47 and a one year high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. Goosehead Insurance had a return on equity of 621.70% and a net margin of 5.99%. On average, equities research analysts anticipate that Goosehead Insurance will post 0.8 EPS for the current year.

Insider Activity

In other news, General Counsel John Terry O’connor bought 1,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $73.46 per share, for a total transaction of $73,460.00. Following the completion of the purchase, the general counsel now owns 1,000 shares in the company, valued at approximately $73,460. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total value of $2,722,368.04. Following the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel John Terry O’connor purchased 1,000 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average cost of $73.46 per share, with a total value of $73,460.00. Following the completion of the transaction, the general counsel now owns 1,000 shares of the company’s stock, valued at $73,460. The disclosure for this purchase can be found here. In the last three months, insiders have bought 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. Company insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. USA Financial Formulas grew its holdings in shares of Goosehead Insurance by 5,350.0% during the fourth quarter. USA Financial Formulas now owns 327 shares of the company’s stock worth $25,000 after buying an additional 321 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Goosehead Insurance during the 4th quarter worth $35,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Goosehead Insurance in the 3rd quarter worth $37,000. CENTRAL TRUST Co acquired a new position in shares of Goosehead Insurance during the first quarter worth about $67,000. Finally, Signaturefd LLC boosted its position in Goosehead Insurance by 28.9% during the third quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock worth $83,000 after purchasing an additional 250 shares in 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.