Goosehead Insurance (NASDAQ:GSHD) Receives "Neutral" Rating from Piper Sandler

Goosehead Insurance (NASDAQ:GSHD - Get Free Report)'s stock had its "neutral" rating reissued by research analysts at Piper Sandler in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $109.00 price objective on the stock, down from their prior price objective of $122.00. Piper Sandler's price objective points to a potential upside of 28.39% from the stock's current price.

Other equities research analysts have also issued reports about the company. JMP Securities restated a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. BMO Capital Markets cut their target price on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods upped their price target on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, UBS Group decreased their target price on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $109.90.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded down $2.72 during mid-day trading on Thursday, reaching $84.90. The company's stock had a trading volume of 468,873 shares, compared to its average volume of 286,796. Goosehead Insurance has a twelve month low of $79.33 and a twelve month high of $130.39. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 75.13, a PEG ratio of 7.25 and a beta of 1.42. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. The business has a 50 day moving average price of $103.63 and a 200-day moving average price of $107.87.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The company had revenue of $94.03 million for the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. Goosehead Insurance's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Sell-side analysts predict that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Lindy Langston sold 11,042 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $110.20, for a total value of $1,216,828.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $103.74, for a total value of $5,187,000.00. Following the completion of the sale, the insider directly owned 132,349 shares of the company's stock, valued at approximately $13,729,885.26. The trade was a 27.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,966 shares of company stock valued at $12,407,821. Corporate insiders own 37.76% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. Principal Financial Group Inc. increased its position in Goosehead Insurance by 2.4% in the first quarter. Principal Financial Group Inc. now owns 121,654 shares of the company's stock worth $14,362,000 after buying an additional 2,800 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Goosehead Insurance during the 1st quarter valued at about $208,000. Bessemer Group Inc. increased its holdings in Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the period. GAMMA Investing LLC increased its holdings in Goosehead Insurance by 11,900.8% during the 1st quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock valued at $8,586,000 after purchasing an additional 72,119 shares during the period. Finally, KBC Group NV grew its holdings in shares of Goosehead Insurance by 20.7% during the 1st quarter. KBC Group NV now owns 1,101 shares of the company's stock worth $130,000 after acquiring an additional 189 shares during the period.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.