BMO Capital Markets Issues Pessimistic Forecast for Goosehead Insurance (NASDAQ:GSHD) Stock Price

Goosehead Insurance (NASDAQ:GSHD) had its target price reduced by stock analysts at BMO Capital Markets from $148.00 to $142.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 48.04% from the company’s current price.

Several other research analysts also recently commented on the company. Bank of America lifted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods boosted their price target on Goosehead Insurance from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Piper Sandler lowered their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group upped their price target on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $115.40.

Goosehead Insurance Stock Up 1.4 %

Shares of Goosehead Insurance stock opened at $95.92 on Monday. The stock’s fifty day moving average is $112.75 and its 200-day moving average is $111.42. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a market capitalization of $3.58 billion, a PE ratio of 133.22, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. Goosehead Insurance has a 12-month low of $54.80 and a 12-month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $16,290,838.41. This represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares of the company’s stock, valued at approximately $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock valued at $37,392,258 in the last 90 days. 48.35% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. raised its position in Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Goosehead Insurance during the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Goosehead Insurance during the third quarter valued at about $63,000. Kestra Investment Management LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $63,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after acquiring an additional 509 shares in the last quarter.

Goosehead Insurance Company Profile

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.