Keefe, Bruyette & Woods Lowers Goosehead Insurance (NASDAQ:GSHD) Price Target to $85.00

Goosehead Insurance (NASDAQ:GSHD) had its price objective decreased by Keefe, Bruyette & Woods from $93.00 to $85.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 53.15% from the stock’s previous close.

GSHD has been the subject of several other research reports. Piper Sandler decreased their price target on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday. Truist Financial dropped their target price on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. BMO Capital Markets dropped their price objective on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, TD Cowen started coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Goosehead Insurance currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

Goosehead Insurance Trading Up 4.4 %

NASDAQ GSHD opened at $55.50 on Thursday. The firm’s 50 day moving average price is $69.62 and its two-hundred day moving average price is $72.53. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 89.52, a PEG ratio of 4.32 and a beta of 1.28. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $92.76. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82.

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

Insiders Place Their Bets

In other Goosehead Insurance news, General Counsel John Terry O’connor purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of $73.46 per share, with a total value of $73,460.00. Following the completion of the acquisition, 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 through the SEC website. In related news, General Counsel John Terry O’connor purchased 1,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $73.46 per share, with a total value of $73,460.00. Following the completion of the acquisition, the general counsel now directly owns 1,000 shares in the company, valued at approximately $73,460. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,332 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $74.86 per share, for a total transaction of $99,713.52. Following the completion of the transaction, the chief financial officer now directly owns 1,332 shares in the company, valued at approximately $99,713.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several institutional investors have recently modified their holdings of GSHD. Principal Financial Group Inc. bought a new stake in shares of Goosehead Insurance during the 3rd quarter valued at $9,501,000. Vanguard Group Inc. lifted its position in Goosehead Insurance by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock valued at $173,847,000 after acquiring an additional 351,630 shares in the last quarter. Amalgamated Bank raised its stake in shares of Goosehead Insurance by 217.7% in the 3rd quarter. Amalgamated Bank now owns 10,143 shares of the company’s stock valued at $756,000 after purchasing an additional 6,950 shares during the period. FMR LLC boosted its position in shares of Goosehead Insurance by 383.3% during the third quarter. FMR LLC now owns 70,292 shares of the company’s stock worth $5,239,000 after buying an additional 55,747 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in Goosehead Insurance during the 3rd quarter worth approximately $23,614,000.

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.