Goosehead Insurance (NASDAQ:GSHD) PT Lowered to $35.00 at Bank of America

Goosehead Insurance (NASDAQ:GSHDFree Report) had its target price reduced by Bank of America from $36.00 to $35.00 in a research note published on Thursday morning, Benzinga reports. They currently have an underperform rating on the stock.

Other research analysts also recently issued reports about the stock. Piper Sandler lowered their price objective on shares of Goosehead Insurance from $88.00 to $65.00 and set an overweight rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada lowered their price target on shares of Goosehead Insurance from $88.00 to $80.00 and set an outperform rating on the stock in a report on Thursday, April 25th. JMP Securities reaffirmed a market outperform rating and issued a $100.00 price target on shares of Goosehead Insurance in a research note on Monday, April 15th. Keefe, Bruyette & Woods reduced their price objective on Goosehead Insurance from $93.00 to $85.00 and set an outperform rating for the company in a research report on Thursday, April 25th. Finally, BMO Capital Markets dropped their target price on Goosehead Insurance from $90.00 to $72.00 and set an outperform rating on the stock in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Goosehead Insurance has a consensus rating of Moderate Buy and a consensus price target of $73.80.

Check Out Our Latest Stock Analysis on Goosehead Insurance

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock opened at $64.36 on Thursday. Goosehead Insurance has a 12 month low of $50.47 and a 12 month high of $92.76. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The stock has a market cap of $2.45 billion, a PE ratio of 103.81, a price-to-earnings-growth ratio of 3.20 and a beta of 1.31. The business has a fifty day simple moving average of $62.13 and a 200-day simple moving average 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. On average, sell-side analysts anticipate 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 & Robyn Jones Descendants Mark sold 3,934 shares of the company’s 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 in the company, valued at approximately $10,014,848.83. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.67, for a total value of $297,685.78. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $10,014,848.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,332 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $74.86 per share, with a total value of $99,713.52. Following the completion of the acquisition, the chief financial officer now owns 1,332 shares in the company, valued at approximately $99,713.52. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,582 shares of company stock worth $1,141,849 over the last three months. Corporate insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently made changes to their positions in the business. USA Financial Formulas boosted its stake in 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 purchasing an additional 321 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $35,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Goosehead Insurance in the first quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Goosehead Insurance in the third quarter worth $37,000. Finally, CENTRAL TRUST Co bought a new position in Goosehead Insurance during the first quarter worth $67,000.

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.

Further Reading

Analyst Recommendations for Goosehead Insurance (NASDAQ:GSHD)

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