Goosehead Insurance’s (GSHD) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Goosehead Insurance (NASDAQ:GSHD) in a research report released on Thursday,Benzinga reports. The brokerage currently has a $150.00 price objective on the stock.

A number of other research analysts have also commented on the company. UBS Group upped their target price on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods increased their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Piper Sandler decreased their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Truist Financial reissued a “hold” rating and issued a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and an average target price of $113.70.

Goosehead Insurance Trading Up 6.8 %

Shares of GSHD opened at $99.54 on Thursday. The stock’s 50-day moving average price is $113.44 and its 200 day moving average price is $111.36. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 138.25, a P/E/G ratio of 5.17 and a beta of 1.48. Goosehead Insurance has a 12-month low of $54.80 and a 12-month high of $130.39.

Insider Transactions at Goosehead Insurance

In related news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the transaction, the director now directly owns 339,008 shares of the company’s stock, valued at $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the acquisition, the chief financial officer now owns 2,342 shares in the company, valued at approximately $276,402.84. The trade was a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 308,812 shares of company stock valued at $37,392,258 in the last three months. 48.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its position in Goosehead Insurance by 192.9% in the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Goosehead Insurance during the third quarter worth $63,000. Kestra Investment Management LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter valued at $63,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after acquiring an additional 509 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.