Truist Financial Cuts Goosehead Insurance (NASDAQ:GSHD) Price Target to $60.00

Goosehead Insurance (NASDAQ:GSHD) had its price target decreased by Truist Financial from $70.00 to $60.00 in a research report released on Thursday, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their price target on Goosehead Insurance from $62.00 to $59.00 and set a neutral rating on the stock in a report on Thursday. Royal Bank of Canada cut their price target on Goosehead Insurance from $88.00 to $80.00 and set an outperform rating on the stock in a report on Thursday. Piper Sandler cut their price target on Goosehead Insurance from $88.00 to $65.00 and set an overweight rating on the stock in a report on Thursday. TD Cowen began coverage on Goosehead Insurance in a report on Wednesday, January 10th. They issued an outperform rating and a $105.00 price target on the stock. Finally, Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $93.00 to $85.00 and set an outperform rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $80.89.

Goosehead Insurance Trading Up 4.4 %

GSHD opened at $55.50 on Thursday. The stock’s fifty day moving average is $68.89 and its two-hundred day moving average is $72.42. The company has a market capitalization of $2.11 billion, a P/E ratio of 89.52, a PEG ratio of 3.82 and a beta of 1.28. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $92.76. The company has a quick ratio of 1.82, a current ratio of 1.73 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $64.46 million for the quarter, compared to the consensus estimate of $66.24 million. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. Analysts forecast that Goosehead Insurance will post 0.8 earnings per share for the current year.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.67, for a total transaction of $297,685.78. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $10,014,848.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.67, for a total value of $297,685.78. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $10,014,848.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Desiree Coleman sold 2,324 shares of the business’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 disclosure for this sale can be found here. In the last 90 days, insiders bought 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. 48.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently modified their holdings of GSHD. SG Americas Securities LLC acquired a new position in shares of Goosehead Insurance in the 3rd quarter valued at about $494,000. State of Alaska Department of Revenue acquired a new position in shares of Goosehead Insurance in the 3rd quarter valued at about $1,109,000. Maryland State Retirement & Pension System acquired a new position in shares of Goosehead Insurance in the 3rd quarter valued at about $656,000. Raymond James Financial Services Advisors Inc. acquired a new position in Goosehead Insurance in the 3rd quarter worth about $1,048,000. Finally, Bank of New York Mellon Corp raised its holdings in Goosehead Insurance by 130.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 181,779 shares of the company’s stock worth $13,548,000 after purchasing an additional 102,992 shares during the period.

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.