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

Goosehead Insurance (NASDAQ:GSHD) had its price objective reduced by investment analysts at BMO Capital Markets from $90.00 to $72.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 27.66% from the company’s current price.

A number of other equities research analysts also recently commented on GSHD. TD Cowen assumed coverage on shares of Goosehead Insurance in a report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price target for the company. Keefe, Bruyette & Woods dropped their target price on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada decreased their price target 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. Truist Financial dropped their price objective on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Goosehead Insurance has a consensus rating of “Moderate Buy” and a consensus price target of $78.89.

Goosehead Insurance Price Performance

NASDAQ:GSHD traded down $0.45 during mid-day trading on Tuesday, hitting $56.40. 55,373 shares of the company’s stock traded hands, compared to its average volume of 301,127. 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 company has a market cap of $2.14 billion, a PE ratio of 91.39, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28. The firm’s 50 day simple moving average is $68.89 and its 200 day simple moving average is $72.42. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data 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 return on equity of 202.00% and a net margin of 5.99%. The firm had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. Sell-side analysts expect that Goosehead Insurance will post 0.9 EPS for the current year.

Insiders Place Their Bets

In other Goosehead Insurance news, CFO Mark E. Jr. Jones bought 1,332 shares of the stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $74.86 per share, for a total transaction of $99,713.52. Following the completion of the purchase, the chief financial officer now directly owns 1,332 shares of the company’s stock, valued at $99,713.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Mark E. Jr. Jones purchased 1,332 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $74.86 per share, for a total transaction of $99,713.52. Following the completion of the purchase, the chief financial officer now owns 1,332 shares in the company, valued at $99,713.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Desiree Coleman sold 2,324 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The disclosure for this sale can be found here. In the last quarter, insiders have bought 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. 38.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in shares of 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 buying an additional 18,112 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Goosehead Insurance in the first quarter valued at approximately $35,000. SYSTM Wealth Solutions LLC grew its holdings in shares of Goosehead Insurance by 2,189.0% during the first 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 raised its position in shares of Goosehead Insurance by 53.0% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,458 shares of the company’s stock worth $563,000 after purchasing an additional 2,929 shares during the period. Finally, Equitable Trust Co. lifted its holdings in shares of Goosehead Insurance by 5.3% in the 1st quarter. Equitable Trust Co. now owns 10,752 shares of the company’s stock worth $716,000 after purchasing an additional 543 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.