Goosehead Insurance (NASDAQ:GSHD) PT Raised to $62.00

Goosehead Insurance (NASDAQ:GSHD) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $61.00 to $62.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.29% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Truist Financial lowered their price target on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Piper Sandler increased their price objective on Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. BMO Capital Markets reduced their target price on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. Finally, TD Cowen started coverage on Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance has an average rating of “Moderate Buy” and a consensus target price of $82.71.

Goosehead Insurance Trading Up 1.0 %

Shares of GSHD stock opened at $60.61 on Monday. The business has a 50-day moving average price of $75.41 and a two-hundred day moving average price of $73.86. Goosehead Insurance has a 12-month low of $50.67 and a 12-month high of $92.76. 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 firm has a market cap of $2.30 billion, a P/E ratio of 106.33, a price-to-earnings-growth ratio of 4.53 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The company had revenue of $63.01 million during the quarter, compared to analysts’ expectations of $68.18 million. Equities analysts anticipate that Goosehead Insurance will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was 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 owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the firm’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 owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark E. Jr. Jones purchased 1,332 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $74.86 per share, for a total transaction of $99,713.52. Following the completion of the transaction, the chief financial officer now owns 1,332 shares in the company, valued at $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. 38.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors have recently modified their holdings of GSHD. Capital World Investors boosted its stake in Goosehead Insurance by 335.5% in the 1st quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after purchasing an additional 437,576 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Goosehead Insurance by 30.7% in the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock worth $117,605,000 after buying an additional 351,769 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Goosehead Insurance by 17.8% in the third quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock worth $173,847,000 after buying an additional 351,630 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Goosehead Insurance during the third quarter valued at approximately $23,614,000. Finally, Ashford Capital Management Inc. increased its position in shares of Goosehead Insurance by 172.5% during the fourth quarter. Ashford Capital Management Inc. now owns 474,215 shares of the company’s stock valued at $16,285,000 after acquiring an additional 300,185 shares in the last quarter.

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.