Goosehead Insurance (NASDAQ:GSHD) Price Target Cut to $55.00 by Analysts at JPMorgan Chase & Co.

Goosehead Insurance (NASDAQ:GSHD) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $58.00 to $55.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 47.79% from the stock’s previous close.

GSHD has been the subject of a number of other reports. BMO Capital Markets decreased their target price on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research note on Wednesday, February 18th. Cantor Fitzgerald reduced their price target on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Truist Financial reduced their price target on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada boosted their price target on shares of Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.45.

Goosehead Insurance Stock Up 2.3%

GSHD stock traded up $0.83 during midday trading on Thursday, reaching $37.22. The company had a trading volume of 253,758 shares, compared to its average volume of 457,317. The stock has a 50 day moving average price of $44.13 and a 200 day moving average price of $59.19. Goosehead Insurance has a fifty-two week low of $35.83 and a fifty-two week high of $114.76. The firm has a market capitalization of $1.33 billion, a PE ratio of 32.65, a P/E/G ratio of 1.46 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. During the same period in the previous year, the firm posted $0.26 earnings per share. Goosehead Insurance’s quarterly revenue was up 23.1% compared to the same quarter last year. Research analysts predict that Goosehead Insurance will post 1.4 EPS for the current year.

Insider Activity at Goosehead Insurance

In related news, Director Louis Goldberg acquired 5,575 shares of Goosehead Insurance stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $44.85 per share, with a total value of $250,038.75. Following the completion of the acquisition, the director directly owned 5,575 shares of the company’s stock, valued at $250,038.75. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 5,307 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $48.07, for a total transaction of $255,107.49. Following the completion of the sale, the insider directly owned 7,214,193 shares of the company’s stock, valued at $346,786,257.51. The trade was a 0.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 10,576 shares of company stock valued at $494,568. Insiders own 38.07% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several institutional investors have recently bought and sold shares of GSHD. EverSource Wealth Advisors LLC lifted its holdings in Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the period. Kestra Advisory Services LLC acquired a new stake in Goosehead Insurance in the fourth quarter worth approximately $41,000. Northwestern Mutual Wealth Management Co. lifted its position in Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares during the period. Fifth Third Bancorp lifted its position in Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after purchasing an additional 284 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Goosehead Insurance by 614.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 860 shares during the period.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.