Goosehead Insurance (NASDAQ:GSHD) Coverage Initiated by Analysts at BMO Capital Markets

Investment analysts at BMO Capital Markets started coverage on shares of Goosehead Insurance (NASDAQ:GSHDGet Rating) in a note issued to investors on Thursday, The Fly reports. The firm set a “market perform” rating and a $39.00 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 6.38% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Truist Financial decreased their target price on Goosehead Insurance from $55.00 to $40.00 in a research report on Thursday, October 27th. Royal Bank of Canada decreased their target price on Goosehead Insurance from $100.00 to $75.00 in a research report on Thursday, October 27th. Finally, JMP Securities decreased their target price on Goosehead Insurance from $120.00 to $100.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.20.

Goosehead Insurance Stock Down 2.5 %

GSHD opened at $36.66 on Thursday. The business has a fifty day moving average of $38.07 and a 200 day moving average of $43.74. Goosehead Insurance has a 52-week low of $29.23 and a 52-week high of $102.06. The stock has a market cap of $1.37 billion, a P/E ratio of 3,669.67, a PEG ratio of 6.18 and a beta of 1.22.

Goosehead Insurance (NASDAQ:GSHDGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Goosehead Insurance had a negative return on equity of 0.56% and a net margin of 0.18%. The company had revenue of $57.69 million during the quarter, compared to analysts’ expectations of $54.02 million. Equities analysts anticipate that Goosehead Insurance will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Goosehead Insurance news, COO Mark Miller bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were purchased at an average cost of $39.25 per share, for a total transaction of $78,500.00. Following the purchase, the chief operating officer now directly owns 10,000 shares in the company, valued at $392,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Goosehead Insurance news, COO Mark Miller bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were purchased at an average cost of $39.25 per share, for a total transaction of $78,500.00. Following the purchase, the chief operating officer now directly owns 10,000 shares in the company, valued at $392,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark E. Jr. Jones sold 13,931 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $40.71, for a total value of $567,131.01. The disclosure for this sale can be found here. Insiders have sold a total of 193,540 shares of company stock worth $7,841,621 in the last ninety days. 48.35% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

Large investors have recently added to or reduced their stakes in the company. Spire Wealth Management grew its stake in Goosehead Insurance by 178.3% during the 3rd quarter. Spire Wealth Management now owns 704 shares of the company’s stock valued at $25,000 after purchasing an additional 451 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in Goosehead Insurance by 118.3% during the 3rd quarter. Harbor Investment Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after purchasing an additional 529 shares during the last quarter. Group One Trading L.P. purchased a new stake in Goosehead Insurance during the 1st quarter valued at about $59,000. Quantbot Technologies LP purchased a new stake in Goosehead Insurance during the 2nd quarter valued at about $65,000. Finally, Castle Wealth Management LLC purchased a new stake in Goosehead Insurance during the 2nd quarter valued at about $68,000. Hedge funds and other institutional investors own 99.96% of the company’s stock.

About Goosehead Insurance

(Get Rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.

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