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

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

Several other analysts also recently weighed in on the stock. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. Truist Financial reduced their price target 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 reiterated a “market outperform” rating and issued a $100.00 price objective on shares of Goosehead Insurance in a research report on Monday, April 15th. Piper Sandler cut their target price on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Goosehead Insurance Trading Up 4.4 %

NASDAQ GSHD opened at $55.50 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.02. The stock’s 50-day simple moving average is $69.62 and its two-hundred day simple moving average is $72.53. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $92.76. The company has a market capitalization 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 (NASDAQ:GSHD) last released its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 621.70% and a net margin of 5.99%. The company had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. Research analysts forecast that Goosehead Insurance will post 0.8 EPS for the current fiscal year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.67, for a total value of $297,685.78. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $10,014,848.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.67, for a total transaction of $297,685.78. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel John Terry O’connor bought 1,000 shares of the company’s stock in a transaction that occurred 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 acquisition, the general counsel now directly owns 1,000 shares of the company’s stock, valued at approximately $73,460. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. 48.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.