Goosehead Insurance (NASDAQ:GSHD) Price Target Lowered to $122.00 at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD) had its price objective lowered by Piper Sandler from $132.00 to $122.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently weighed in on GSHD. UBS Group raised their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods upped their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday. Bank of America raised their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $110.10.

Goosehead Insurance Stock Down 3.2 %

NASDAQ:GSHD traded down $3.66 on Wednesday, hitting $109.39. 70,659 shares of the company’s stock were exchanged, compared to its average volume of 264,082. The firm has a 50-day moving average price of $114.78 and a 200-day moving average price of $110.00. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $4.08 billion, a P/E ratio of 151.82, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $16,290,838.41. This trade represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $118.02 per share, with a total value of $119,200.20. Following the completion of the purchase, the chief financial officer now owns 2,342 shares of the company’s stock, valued at $276,402.84. This trade represents a 75.83 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 308,812 shares of company stock worth $37,392,258 in the last 90 days. Company insiders own 37.76% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Goosehead Insurance by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock valued at $267,994,000 after acquiring an additional 19,980 shares during the last quarter. State Street Corp lifted its position in shares of Goosehead Insurance by 21.2% during the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after buying an additional 185,037 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Goosehead Insurance by 51.4% during the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after buying an additional 220,267 shares during the last quarter. Geode Capital Management LLC boosted its stake in Goosehead Insurance by 0.9% in the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company’s stock valued at $57,476,000 after buying an additional 5,969 shares in the last quarter. Finally, Whitebark Investors LP bought a new position in Goosehead Insurance in the fourth quarter valued at about $55,326,000.

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.