Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) had its target price lifted by Keefe, Bruyette & Woods from $75.00 to $80.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 65.77% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, February 18th. Truist Financial decreased their target price on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of Goosehead Insurance from $68.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Piper Sandler reduced their price objective on shares of Goosehead Insurance from $69.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Citizens Jmp reduced their price objective on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and a consensus target price of $67.36.

Goosehead Insurance Stock Down 4.9%

Shares of GSHD opened at $48.26 on Thursday. The firm has a 50-day moving average price of $45.60 and a 200 day moving average price of $61.24. The firm has a market capitalization of $1.77 billion, a PE ratio of 42.33, a P/E/G ratio of 3.70 and a beta of 1.69. Goosehead Insurance has a 52-week low of $39.64 and a 52-week high of $114.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The firm had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. Goosehead Insurance’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, equities analysts expect that Goosehead Insurance will post 1.27 EPS for the current year.

Insider Buying and Selling

In other news, Director Louis Goldberg acquired 5,575 shares of Goosehead Insurance stock in a transaction on Friday, February 20th. The stock was bought at an average cost of $44.85 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 38.07% of the company’s stock.

Institutional Trading of Goosehead Insurance

A number of hedge funds have recently bought and sold shares of GSHD. EverSource Wealth Advisors LLC lifted its stake in 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 buying an additional 269 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Goosehead Insurance during the fourth quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after purchasing an additional 284 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Goosehead Insurance by 614.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 860 shares in 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.