Goosehead Insurance (NASDAQ:GSHD) PT Lowered to $59.00

Goosehead Insurance (NASDAQ:GSHD) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $62.00 to $59.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.31% from the stock’s previous close.

Other analysts have also issued research reports about the company. Truist Financial cut their price objective on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. JMP Securities reaffirmed a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a research report on Monday, April 15th. TD Cowen assumed coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective on the stock. Piper Sandler cut their price objective on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Keefe, Bruyette & Woods cut their price objective on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Goosehead Insurance Stock Up 4.4 %

Shares of NASDAQ GSHD opened at $55.50 on Thursday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 89.52, a PEG ratio of 3.82 and a beta of 1.28. The company has a quick ratio of 1.82, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $92.76. The business’s 50 day moving average is $69.62 and its two-hundred day moving average is $72.53.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The company had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. Research analysts predict that Goosehead Insurance will post 0.8 EPS for the current year.

Insider Buying and Selling

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, General Counsel John Terry O’connor acquired 1,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was bought 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 directly owns 1,000 shares of the company’s stock, valued at approximately $73,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The disclosure for this sale can be found here. Over the last quarter, insiders bought 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. Insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently made changes to their positions in GSHD. Vanguard Group Inc. boosted its stake in shares of Goosehead Insurance by 17.8% during the third quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock worth $173,847,000 after buying an additional 351,630 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Goosehead Insurance during the third quarter worth about $23,614,000. Wasatch Advisors LP boosted its stake in shares of Goosehead Insurance by 17.2% during the first 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. Barclays PLC boosted its stake in shares of Goosehead Insurance by 1,673.1% during the third quarter. Barclays PLC now owns 191,401 shares of the company’s stock worth $14,266,000 after buying an additional 180,606 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in Goosehead Insurance during the third quarter worth about $9,501,000.

Goosehead Insurance Company Profile

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.