Goosehead Insurance (NASDAQ:GSHD) Given New $80.00 Price Target at JPMorgan Chase & Co.

Goosehead Insurance (NASDAQ:GSHD) had its target price reduced by JPMorgan Chase & Co. from $85.00 to $80.00 in a research note published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

GSHD has been the topic of several other reports. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods reduced their target price on Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Cantor Fitzgerald restated an “overweight” rating on shares of Goosehead Insurance in a report on Thursday, October 23rd. JMP Securities decreased their target price on 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. Finally, Zacks Research raised Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and a consensus target price of $91.70.

Goosehead Insurance Trading Up 2.2%

Goosehead Insurance stock opened at $74.52 on Wednesday. The company has a market cap of $2.75 billion, a PE ratio of 65.95, a PEG ratio of 9.05 and a beta of 1.53. Goosehead Insurance has a 1 year low of $64.40 and a 1 year high of $127.99. The company’s 50-day moving average is $72.24 and its two-hundred day moving average is $80.49.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $94.25 million. During the same period last year, the firm earned $0.50 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Transactions at Goosehead Insurance

In other news, General Counsel John Terry O’connor purchased 2,100 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were bought at an average cost of $71.81 per share, for a total transaction of $150,801.00. Following the completion of the acquisition, the general counsel directly owned 3,100 shares in the company, valued at approximately $222,611. This trade represents a 210.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Mcconnon sold 69,686 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $73.62, for a total value of $5,130,283.32. Following the transaction, the director owned 269,322 shares of the company’s stock, valued at approximately $19,827,485.64. The trade was a 20.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders bought 7,973 shares of company stock worth $577,487. Company insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after buying an additional 393 shares in the last quarter. CWM LLC boosted its stake in shares of Goosehead Insurance by 73.8% during the 2nd quarter. CWM LLC now owns 471 shares of the company’s stock worth $50,000 after buying an additional 200 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after acquiring an additional 284 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Goosehead Insurance by 52.3% in the third quarter. Covestor Ltd now owns 1,177 shares of the company’s stock valued at $88,000 after acquiring an additional 404 shares during the last quarter.

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.