Goosehead Insurance (NASDAQ:GSHD) Given New $125.00 Price Target at Citizens Jmp

Goosehead Insurance (NASDAQ:GSHDFree Report) had its price target cut by Citizens Jmp from $140.00 to $125.00 in a research report released on Wednesday,Benzinga reports. They currently have a market outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group began coverage on shares of Goosehead Insurance in a report on Monday, December 1st. They set a “buy” rating and a $93.00 price objective for the company. Zacks Research upgraded shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Piper Sandler raised Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 price target on the stock in a report on Wednesday. UBS Group cut their price objective on Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating for the company in a report on Monday, October 27th. Finally, BMO Capital Markets cut their price target on Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating for the company in a research note on Tuesday, November 25th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Get Our Latest Stock Analysis on GSHD

Goosehead Insurance Trading Down 6.4%

Goosehead Insurance stock opened at $47.38 on Wednesday. Goosehead Insurance has a 12 month low of $43.56 and a 12 month high of $127.99. The stock has a fifty day simple moving average of $67.65 and a two-hundred day simple moving average of $73.17. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 6.41 and a beta of 1.54.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. Goosehead Insurance had a negative return on equity of 21.80% and a net margin of 7.62%.The company had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $99.67 million. During the same period last year, the firm posted $0.79 earnings per share. Goosehead Insurance’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel John Terry O’connor acquired 2,100 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $71.81 per share, for a total transaction of $150,801.00. Following the transaction, the general counsel directly owned 3,100 shares of the company’s stock, valued at approximately $222,611. This trade represents a 210.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Mcconnon sold 69,686 shares of Goosehead Insurance stock in a transaction on Monday, December 1st. The shares were sold at an average price of $73.62, for a total transaction of $5,130,283.32. Following the transaction, the director owned 269,322 shares in the company, valued at approximately $19,827,485.64. This trade represents a 20.56% decrease in their position. The SEC filing for this sale provides additional information. 48.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings 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 valued at $47,000 after purchasing an additional 393 shares in the last quarter. CWM LLC grew its holdings in shares of Goosehead Insurance by 73.8% in the second quarter. CWM LLC now owns 471 shares of the company’s stock valued at $50,000 after purchasing an additional 200 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Goosehead Insurance in the fourth quarter worth $41,000. Finally, Fifth Third Bancorp raised its stake in 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 in the last quarter.

Goosehead Insurance News Roundup

Here are the key news stories impacting Goosehead Insurance this week:

Goosehead Insurance Company Profile

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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.

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