Goosehead Insurance (NASDAQ:GSHD) PT Lowered to $65.00

Goosehead Insurance (NASDAQ:GSHD) had its price target cut by equities research analysts at Piper Sandler from $88.00 to $65.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 17.12% from the stock’s current price.

Several other research analysts also recently weighed in on GSHD. TD Cowen initiated coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. JMP Securities reiterated a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a research note on Monday, April 15th. Finally, Truist Financial reduced their price objective on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.89.

Goosehead Insurance Price Performance

Goosehead Insurance stock opened at $55.50 on Thursday. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $92.76. The firm has a fifty day moving average of $69.62 and a 200-day moving average of $72.53. The firm has a market capitalization of $2.11 billion, a P/E ratio of 89.52, a PEG ratio of 4.32 and a beta of 1.28. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.02.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. Goosehead Insurance had a net margin of 5.99% and a return on equity of 621.70%. As a group, analysts predict that Goosehead Insurance will post 0.8 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at $9,915,587.08. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. 48.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SYSTM Wealth Solutions LLC lifted its position in Goosehead Insurance by 2,189.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 3,342 shares of the company’s stock valued at $223,000 after purchasing an additional 3,196 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Goosehead Insurance by 53.0% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,458 shares of the company’s stock valued at $563,000 after purchasing an additional 2,929 shares during the last quarter. Equitable Trust Co. lifted its position in Goosehead Insurance by 5.3% in the 1st quarter. Equitable Trust Co. now owns 10,752 shares of the company’s stock valued at $716,000 after purchasing an additional 543 shares during the last quarter. CENTRAL TRUST Co bought a new stake in Goosehead Insurance in the 1st quarter valued at about $67,000. Finally, Wesbanco Bank Inc. bought a new stake in Goosehead Insurance in the 1st quarter valued at about $653,000.

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.