Goosehead Insurance (NASDAQ:GSHD) Price Target Lowered to $59.00 at JPMorgan Chase & Co.

Goosehead Insurance (NASDAQ:GSHD) had its price objective reduced by JPMorgan Chase & Co. from $62.00 to $59.00 in a report issued on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets cut their price target on Goosehead Insurance from $95.00 to $90.00 and set an outperform rating on the stock in a report on Thursday, March 28th. JMP Securities reaffirmed a market outperform rating and set a $100.00 price target on shares of Goosehead Insurance in a report on Monday, April 15th. Truist Financial cut their price target on Goosehead Insurance from $75.00 to $70.00 and set a hold rating on the stock in a report on Thursday, March 28th. 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. Finally, Keefe, Bruyette & Woods dropped their target price on Goosehead Insurance from $93.00 to $85.00 and set an outperform rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $80.89.

Goosehead Insurance Stock Down 11.7 %

NASDAQ:GSHD opened at $53.16 on Thursday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 85.74, a price-to-earnings-growth ratio of 4.32 and a beta of 1.28. Goosehead Insurance has a one year low of $50.47 and a one year high of $92.76. The stock has a 50-day simple moving average of $70.38 and a 200 day simple moving average of $72.67. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 621.70% and a net margin of 5.99%. The company had revenue of $64.46 million during the quarter, compared to the consensus estimate of $66.24 million. Sell-side analysts predict that Goosehead Insurance will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $9,915,587.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Desiree Coleman sold 8,952 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $80.05, for a total transaction of $716,607.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. 48.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. USA Financial Formulas grew its holdings in shares of Goosehead Insurance by 5,350.0% during the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after acquiring an additional 321 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at $35,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Goosehead Insurance in the 3rd quarter valued at $37,000. CENTRAL TRUST Co acquired a new stake in shares of Goosehead Insurance in the 1st quarter valued at $67,000. Finally, Signaturefd LLC lifted its position in Goosehead Insurance by 28.9% during the 3rd quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock worth $83,000 after acquiring an additional 250 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.