BMO Capital Markets Cuts Goosehead Insurance (NASDAQ:GSHD) Price Target to $72.00

Goosehead Insurance (NASDAQ:GSHD) had its price objective cut by analysts at BMO Capital Markets from $90.00 to $72.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 20.89% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Piper Sandler decreased their price objective on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Keefe, Bruyette & Woods decreased their price objective on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. decreased their price objective 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. Truist Financial decreased their price objective on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Finally, TD Cowen began coverage on shares of Goosehead Insurance in a report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.89.

Goosehead Insurance Trading Up 4.7 %

Shares of NASDAQ GSHD opened at $59.56 on Tuesday. The firm’s 50 day moving average price is $67.57 and its 200-day moving average price is $72.24. The company has a market cap of $2.26 billion, a PE ratio of 96.06, a P/E/G ratio of 3.41 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 debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data 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. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. The firm had revenue of $64.46 million during the quarter, compared to analysts’ expectations of $66.24 million. On average, equities research analysts expect that Goosehead Insurance will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Desiree Coleman sold 8,952 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $80.05, for a total value of $716,607.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Desiree Coleman sold 8,952 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $80.05, for a total value of $716,607.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the stock in a transaction on 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 directly owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 17,582 shares of company stock valued at $1,141,849 and sold 66,293 shares valued at $5,104,822. 38.03% of the stock is owned by corporate insiders.

Institutional Trading of Goosehead Insurance

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of Goosehead Insurance by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock worth $1,140,000 after acquiring an additional 161 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Goosehead Insurance by 13.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after acquiring an additional 165 shares during the last quarter. Janney Capital Management LLC boosted its position in shares of Goosehead Insurance by 3.2% during the fourth quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock worth $440,000 after acquiring an additional 181 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Goosehead Insurance by 3.6% during the third quarter. Arizona State Retirement System now owns 6,122 shares of the company’s stock worth $456,000 after acquiring an additional 214 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Goosehead Insurance by 4.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock worth $419,000 after acquiring an additional 242 shares during the last quarter.

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.