UBS Group Has Lowered Expectations for Goosehead Insurance (NASDAQ:GSHD) Stock Price

Goosehead Insurance (NASDAQ:GSHD) had its price target lowered by investment analysts at UBS Group from $90.00 to $81.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 91.72% from the stock’s previous close.

GSHD has been the topic of several other research reports. Citizens Jmp cut their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Goosehead Insurance in a research note on Wednesday, January 28th. Truist Financial cut their price target 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. Royal Bank Of Canada started coverage on Goosehead Insurance in a research note on Tuesday, March 17th. They issued a “hold” rating and a $49.00 price target on the stock. Finally, Wall Street Zen upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Goosehead Insurance Price Performance

Shares of GSHD opened at $42.25 on Wednesday. The stock’s 50-day moving average is $48.61 and its two-hundred day moving average is $63.53. The stock has a market cap of $1.55 billion, a PE ratio of 40.63, a P/E/G ratio of 3.26 and a beta of 1.69. Goosehead Insurance has a 12 month low of $40.00 and a 12 month high of $114.76.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The company had revenue of $78.20 million for 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 firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, research analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Transactions at Goosehead Insurance

In other news, Director Louis Goldberg acquired 5,575 shares of the business’s stock in a transaction on Friday, February 20th. The shares were purchased at an average price of $44.85 per share, for a total transaction of $250,038.75. Following the completion of the purchase, the director directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.35% of the stock is owned by insiders.

Institutional Trading of Goosehead Insurance

Several institutional investors and hedge funds have recently bought and sold shares of the company. Meixler Investment Management Ltd. raised its stake in Goosehead Insurance by 5.3% during the fourth quarter. Meixler Investment Management Ltd. now owns 4,355 shares of the company’s stock valued at $321,000 after buying an additional 220 shares in the last quarter. Gibbs Wealth Management raised its position in shares of Goosehead Insurance by 3.8% during the 4th quarter. Gibbs Wealth Management now owns 6,133 shares of the company’s stock worth $459,000 after purchasing an additional 227 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Goosehead Insurance by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company’s stock worth $1,268,000 after purchasing an additional 259 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Goosehead Insurance by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 69,012 shares of the company’s stock worth $5,136,000 after purchasing an additional 284 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.