Goosehead Insurance (NASDAQ:GSHD) Price Target Cut to $100.00 by Analysts at Citizens Jmp

Goosehead Insurance (NASDAQ:GSHD) had its price target cut by Citizens Jmp from $125.00 to $100.00 in a report released on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

Several other analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Cantor Fitzgerald cut their target price on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings restated a “hold (c)” rating on shares of Goosehead Insurance in a report on Wednesday, January 28th. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Goosehead Insurance presently has an average rating of “Moderate Buy” and an average price target of $70.50.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $41.89 on Monday. The business has a 50 day simple moving average of $47.81 and a 200 day simple moving average of $62.83. Goosehead Insurance has a one year low of $39.64 and a one year high of $114.76. The stock has a market capitalization of $1.53 billion, a P/E ratio of 40.28, a P/E/G ratio of 2.95 and a beta of 1.69.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. The firm had revenue of $78.20 million for the quarter, compared to analyst estimates of $99.67 million. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. Equities analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Activity

In other news, Director Louis Goldberg bought 5,575 shares of the business’s stock in a transaction that occurred 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 acquisition, the director directly owned 5,575 shares in the company, valued at approximately $250,038.75. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

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.