Goosehead Insurance (NASDAQ:GSHD) Given New $75.00 Price Target at Keefe, Bruyette & Woods

Goosehead Insurance (NASDAQ:GSHD) had its price target lowered by Keefe, Bruyette & Woods from $85.00 to $75.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also recently issued reports on the company. Piper Sandler upgraded Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 price objective on the stock in a research note on Wednesday, February 18th. Royal Bank Of Canada started coverage on Goosehead Insurance in a research note on Tuesday, March 17th. They set a “hold” rating and a $49.00 price objective on the stock. Citizens Jmp reduced their price objective on Goosehead Insurance from $140.00 to $125.00 and set a “market outperform” rating on the stock in a research note on Wednesday, February 18th. Truist Financial reduced their price objective on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Goosehead Insurance in a research note on Wednesday, January 28th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.

Goosehead Insurance Trading Up 0.4%

Goosehead Insurance stock opened at $44.66 on Tuesday. The stock has a market cap of $1.63 billion, a P/E ratio of 42.94, a price-to-earnings-growth ratio of 3.03 and a beta of 1.69. The stock has a 50 day moving average of $49.35 and a 200-day moving average of $63.80. Goosehead Insurance has a 52 week low of $40.00 and a 52 week high of $114.76.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. The company had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $99.67 million. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The business’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. As a group, equities analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Transactions at Goosehead Insurance

In related news, Director Louis Goldberg bought 5,575 shares of the business’s stock in a transaction on Friday, February 20th. The shares were bought at an average cost of $44.85 per share, for a total transaction of $250,038.75. Following the completion of the purchase, the director owned 5,575 shares of the company’s stock, valued at $250,038.75. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Goosehead Insurance by 480.4% during 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 during the period. Kestra Advisory Services LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter valued at $41,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Goosehead Insurance by 802.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the period. Fifth Third Bancorp increased its holdings in shares of Goosehead Insurance by 71.4% during the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after purchasing an additional 284 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Goosehead Insurance by 614.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 860 shares during the period.

About Goosehead Insurance

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.