Piper Sandler Has Lowered Expectations for Goosehead Insurance (NASDAQ:GSHD) Stock Price

Goosehead Insurance (NASDAQ:GSHD) had its target price decreased by Piper Sandler from $79.00 to $69.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential downside of 6.63% from the company’s current price.

Other analysts have also issued research reports about the stock. Citigroup reiterated an “outperform” rating on shares of Goosehead Insurance in a research note on Tuesday, October 14th. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a research report on Friday, July 25th. JMP Securities reduced their price target on shares of Goosehead Insurance from $150.00 to $140.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Goosehead Insurance in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and a consensus target price of $99.90.

Goosehead Insurance Trading Down 0.4%

GSHD opened at $73.90 on Thursday. The company’s fifty day moving average price is $77.29 and its two-hundred day moving average price is $93.05. Goosehead Insurance has a 1-year low of $64.40 and a 1-year high of $130.39. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 65.40, a PEG ratio of 14.87 and a beta of 1.27.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.The business had revenue of $90.44 million for the quarter, compared to analyst estimates of $94.25 million. During the same quarter in the previous year, the company posted $0.50 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $87.01, for a total transaction of $52,206.00. Following the completion of the sale, the insider directly owned 132,349 shares in the company, valued at approximately $11,515,686.49. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 244,770 shares of company stock worth $21,568,721. Insiders own 48.35% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Wasatch Advisors LP grew its holdings in shares of Goosehead Insurance by 12.6% in the second quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock worth $240,074,000 after purchasing an additional 253,777 shares during the last quarter. State Street Corp boosted its holdings in shares of Goosehead Insurance by 1.4% during the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after buying an additional 14,311 shares in the last quarter. Geode Capital Management LLC boosted its stake in Goosehead Insurance by 25.4% in the 2nd quarter. Geode Capital Management LLC now owns 705,284 shares of the company’s stock worth $74,422,000 after purchasing an additional 143,038 shares in the last quarter. Durable Capital Partners LP bought a new position in Goosehead Insurance in the 2nd quarter worth about $71,832,000. Finally, Balyasny Asset Management L.P. boosted its stake in Goosehead Insurance by 118.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock worth $58,744,000 after purchasing an additional 302,130 shares in 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.