Goosehead Insurance (NASDAQ:GSHD) Rating Reiterated by JMP Securities

Goosehead Insurance (NASDAQ:GSHD)‘s stock had its “market outperform” rating restated by research analysts at JMP Securities in a research note issued on Monday, Benzinga reports. They currently have a $100.00 price objective on the stock. JMP Securities’ price target suggests a potential upside of 77.15% from the stock’s current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets reduced their price objective on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. Truist Financial reduced their price objective on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. TD Cowen began coverage on Goosehead Insurance in a report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective on the stock. Finally, Piper Sandler upped 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

Goosehead Insurance Stock Down 0.8 %

Shares of GSHD opened at $56.45 on Monday. The company has a market capitalization of $2.14 billion, a P/E ratio of 99.04, a PEG ratio of 4.06 and a beta of 1.28. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. Goosehead Insurance has a one year low of $51.06 and a one year high of $92.76. The business’s 50 day simple moving average is $73.39 and its 200-day simple moving average is $73.23.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $63.01 million during the quarter, compared to analyst estimates of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. As a group, sell-side analysts predict that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total transaction of $186,315.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Mark E. Jr. Jones bought 1,332 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $74.86 per share, for a total transaction of $99,713.52. Following the acquisition, the chief financial officer now owns 1,332 shares in the company, valued at $99,713.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Desiree Coleman sold 2,324 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total value of $186,315.08. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. Corporate insiders own 38.03% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently added to or reduced their stakes in GSHD. Capital World Investors increased its holdings in Goosehead Insurance by 335.5% during 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. increased its holdings in Goosehead Insurance by 30.7% during the 1st quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock worth $117,605,000 after purchasing an additional 351,769 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Goosehead Insurance by 17.8% during the 3rd 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 during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Goosehead Insurance during the 3rd quarter worth about $23,614,000. Finally, Ashford Capital Management Inc. boosted its stake in shares of Goosehead Insurance by 172.5% during the 4th quarter. Ashford Capital Management Inc. now owns 474,215 shares of the company’s stock worth $16,285,000 after buying an additional 300,185 shares during 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.