Goosehead Insurance (NASDAQ:GSHD) Price Target Cut to $142.00 by Analysts at BMO Capital Markets

Goosehead Insurance (NASDAQ:GSHD) had its price objective dropped by equities researchers at BMO Capital Markets from $148.00 to $142.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 53.95% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. UBS Group lifted their target price on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America increased their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. Piper Sandler cut their target price on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price target on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $115.90.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD traded down $7.30 during trading on Monday, reaching $92.24. 113,190 shares of the stock traded hands, compared to its average volume of 276,572. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $3.44 billion, a P/E ratio of 127.62, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. Goosehead Insurance has a 52-week low of $54.80 and a 52-week high of $130.39. The company has a 50-day moving average of $113.44 and a 200-day moving average of $111.50.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 40,000 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the completion of the sale, the chairman now owns 38,951 shares of the company’s stock, valued at $4,636,727.04. The trade was a 50.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas Mcconnon sold 205,000 shares of the company’s 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 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 disclosure for this sale can be found here. Insiders sold a total of 308,812 shares of company stock worth $37,392,258 over the last three months. 48.35% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

Several hedge funds and other institutional investors have recently bought and sold shares of GSHD. Wilmington Savings Fund Society FSB purchased a new position in shares of Goosehead Insurance during the third quarter worth approximately $63,000. GAMMA Investing LLC grew its holdings in shares of Goosehead Insurance by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after purchasing an additional 257 shares during the last quarter. Wallace Advisory Group LLC purchased a new position in Goosehead Insurance in the 4th quarter worth $293,000. Mechanics Bank Trust Department lifted its stake in Goosehead Insurance by 4.5% in the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock worth $274,000 after purchasing an additional 109 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in Goosehead Insurance by 12.5% during the fourth quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company’s stock valued at $371,000 after buying an additional 385 shares during the period.

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.