TD Cowen Cuts Goosehead Insurance (NASDAQ:GSHD) Price Target to $98.00

Goosehead Insurance (NASDAQ:GSHDFree Report) had its target price decreased by TD Cowen from $105.00 to $98.00 in a report released on Friday morning, Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other research firms also recently weighed in on GSHD. Truist Financial cut their price target on Goosehead Insurance from $70.00 to $60.00 and set a hold rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. cut their price target 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. Keefe, Bruyette & Woods cut their price target 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. Bank of America cut their price target on Goosehead Insurance from $36.00 to $35.00 and set an underperform rating for the company in a research note on Thursday. Finally, Piper Sandler cut their price target on Goosehead Insurance from $88.00 to $65.00 and set an overweight rating for the company in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $73.80.

Read Our Latest Stock Report on GSHD

Goosehead Insurance Trading Up 7.5 %

Shares of NASDAQ GSHD opened at $64.36 on Friday. Goosehead Insurance has a one year low of $50.47 and a one year high of $92.76. The firm has a market capitalization of $2.45 billion, a PE ratio of 103.81, a PEG ratio of 3.44 and a beta of 1.31. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.31. The business has a 50-day moving average price of $62.13 and a two-hundred day moving average price of $71.22.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $66.24 million. As a group, analysts predict that Goosehead Insurance will post 0.7 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, COO Mark Miller acquired 10,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $58.06 per share, with a total value of $580,600.00. Following the acquisition, the chief operating officer now owns 30,000 shares of the company’s stock, valued at $1,741,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Mark Miller purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price of $58.06 per share, with a total value of $580,600.00. Following the purchase, the chief operating officer now directly owns 30,000 shares in the company, valued at $1,741,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $9,915,587.08. The disclosure for this sale can be found here. 48.35% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Goosehead Insurance by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after buying an additional 46,861 shares in the last quarter. Wasatch Advisors LP boosted its stake in Goosehead Insurance by 17.2% in the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after buying an additional 308,312 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in Goosehead Insurance by 407.4% in the first quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after purchasing an additional 428,355 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Goosehead Insurance in the third quarter worth $23,614,000. Finally, Dimensional Fund Advisors LP boosted its stake in Goosehead Insurance by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock worth $23,354,000 after purchasing an additional 30,626 shares in the last quarter.

Goosehead Insurance Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Goosehead Insurance (NASDAQ:GSHD)

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