Keefe, Bruyette & Woods Cuts Goosehead Insurance (NASDAQ:GSHD) Price Target to $95.00

Goosehead Insurance (NASDAQ:GSHD) had its price target lowered by Keefe, Bruyette & Woods from $102.00 to $95.00 in a research note published on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their target price on Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Truist Financial reduced their target price on Goosehead Insurance from $90.00 to $85.00 and set a “hold” rating for the company in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Goosehead Insurance in a research note on Wednesday, October 8th. Zacks Research cut Goosehead Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Finally, Citigroup reiterated an “outperform” rating on shares of Goosehead Insurance in a research note on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $99.90.

Goosehead Insurance Stock Down 0.4%

Shares of NASDAQ:GSHD opened at $73.90 on Thursday. Goosehead Insurance has a 52-week low of $64.40 and a 52-week high of $130.39. The company has a 50 day moving average of $77.29 and a two-hundred day moving average of $92.97. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 65.40, a price-to-earnings-growth ratio of 14.81 and a beta of 1.27.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.08). Goosehead Insurance had a net margin of 8.55% and a negative return on equity of 34.60%. The firm had revenue of $90.44 million during the quarter, compared to analyst estimates of $94.25 million. During the same period last year, the business earned $0.50 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Mark E. Jr. Jones acquired 1,149 shares of Goosehead Insurance stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average cost of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the purchase, the chief financial officer directly owned 3,491 shares of the company’s stock, valued at $300,505.28. This trade represents a 49.06% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $88.23, for a total value of $5,293,800.00. Following the transaction, the insider owned 132,349 shares in the company, valued at $11,677,152.27. This trade represents a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 244,770 shares of company stock worth $21,568,721 over the last ninety days. 48.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several large investors have recently added to or reduced their stakes in GSHD. Bessemer Group Inc. lifted its stake 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 buying an additional 191 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after buying an additional 269 shares during the last quarter. TCTC Holdings LLC lifted its stake in Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after buying an additional 178 shares during the last quarter. Larson Financial Group LLC lifted its stake in Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock valued at $49,000 after buying an additional 388 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after buying an additional 393 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.