Goosehead Insurance (NASDAQ:GSHD) Given New $100.00 Price Target at Citizens Jmp

Goosehead Insurance (NASDAQ:GSHD) had its target price reduced by investment analysts at Citizens Jmp from $125.00 to $100.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s target price would suggest a potential upside of 143.39% from the stock’s current price.

Several other brokerages have also recently issued reports on GSHD. Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Piper Sandler upgraded shares of Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 target price on the stock in a report on Wednesday, February 18th. Truist Financial decreased their price objective on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Cantor Fitzgerald decreased their price objective on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Goosehead Insurance in a report on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and an average target price of $70.50.

Goosehead Insurance Stock Performance

GSHD opened at $41.09 on Monday. Goosehead Insurance has a fifty-two week low of $39.64 and a fifty-two week high of $114.76. The company has a fifty day moving average of $48.18 and a two-hundred day moving average of $63.06. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 2.95 and a beta of 1.69.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The company had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $99.67 million. During the same quarter in the previous year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, Director Louis Goldberg acquired 5,575 shares of the stock in a transaction on Friday, February 20th. The shares were bought at an average cost of $44.85 per share, with a total value of $250,038.75. Following the transaction, the director owned 5,575 shares of the company’s stock, valued at approximately $250,038.75. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 38.07% of the company’s stock.

Institutional Trading of Goosehead Insurance

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after acquiring an additional 393 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Goosehead Insurance in the 4th quarter worth $41,000. Fifth Third Bancorp lifted its stake in shares of Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after acquiring an additional 284 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Goosehead Insurance by 614.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $74,000 after acquiring an additional 860 shares during the period.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.