Goosehead Insurance (NASDAQ:GSHD) PT Lowered to $72.00

Goosehead Insurance (NASDAQ:GSHD) had its price target decreased by BMO Capital Markets from $90.00 to $72.00 in a research report report published on Tuesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Piper Sandler lowered their target price on shares of Goosehead Insurance from $88.00 to $65.00 and set an overweight rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their price objective on Goosehead Insurance from $62.00 to $59.00 and set a neutral rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada decreased their target price on Goosehead Insurance from $88.00 to $80.00 and set an outperform rating on the stock in a research note on Thursday, April 25th. JMP Securities restated a market outperform rating and issued a $100.00 price target on shares of Goosehead Insurance in a research note on Monday, April 15th. Finally, TD Cowen assumed coverage on shares of Goosehead Insurance in a research report on Wednesday, January 10th. They set an outperform rating and a $105.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $78.89.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $58.63 on Tuesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a 50-day simple moving average of $66.42 and a two-hundred day simple moving average of $71.98. The firm has a market capitalization of $2.23 billion, a PE ratio of 94.56, a P/E/G ratio of 3.65 and a beta of 1.31. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. The company had revenue of $64.46 million during the quarter, compared to analyst estimates of $66.24 million. Analysts forecast that Goosehead Insurance will post 0.7 EPS for the current year.

Insider Activity

In related news, major shareholder Desiree Coleman sold 17,070 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $80.15, for a total value of $1,368,160.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 17,070 shares of Goosehead Insurance stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $80.15, for a total value of $1,368,160.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark Miller bought 10,000 shares of Goosehead Insurance stock in a transaction dated Monday, April 29th. The stock was acquired at an average price of $58.06 per share, for a total transaction of $580,600.00. Following the completion of the acquisition, the chief operating officer now owns 30,000 shares in the company, valued at $1,741,800. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 17,582 shares of company stock worth $1,141,849 and sold 66,293 shares worth $5,104,822. Corporate insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. RiverPark Advisors LLC bought a new position in Goosehead Insurance during the first quarter valued at $104,000. Janney Montgomery Scott LLC grew its stake in Goosehead Insurance by 31.4% in the first quarter. Janney Montgomery Scott LLC now owns 4,428 shares of the company’s stock worth $295,000 after purchasing an additional 1,058 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Goosehead Insurance by 9.6% in the first quarter. BNP Paribas Financial Markets now owns 19,282 shares of the company’s stock worth $1,285,000 after purchasing an additional 1,682 shares in the last quarter. Norden Group LLC increased its holdings in Goosehead Insurance by 37.6% during the 1st quarter. Norden Group LLC now owns 7,799 shares of the company’s stock worth $520,000 after purchasing an additional 2,130 shares during the period. Finally, Principal Financial Group Inc. raised its position in Goosehead Insurance by 14.3% during the 1st quarter. Principal Financial Group Inc. now owns 144,929 shares of the company’s stock valued at $9,655,000 after purchasing an additional 18,112 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.