Piper Sandler Cuts Goosehead Insurance (NASDAQ:GSHD) Price Target to $92.00

Key Points

• Piper Sandler has reduced the price target for Goosehead Insurance from $109.00 to $92.00, assigning a "neutral" rating, which suggests a potential upside of 8.61% from the current price.
• Goosehead Insurance reported $0.49 EPS for the recent quarter, missing estimates, despite a revenue increase of 20.4% year-over-year.
• Recent insider trading includes major shareholder Adrienne Kebodeaux selling 3,000 shares, and another major seller reducing their stake by 31.19%, indicating significant movements within the company's ownership.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its price target dropped by equities research analysts at Piper Sandler from $109.00 to $92.00 in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has a "neutral" rating on the stock. Piper Sandler's target price points to a potential upside of 10.59% from the company's current price.

Several other analysts have also recently weighed in on GSHD. Keefe, Bruyette & Woods decreased their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Cantor Fitzgerald upgraded shares of Goosehead Insurance to a "strong-buy" rating in a research report on Wednesday, August 13th. Zacks Research upgraded shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. BMO Capital Markets reduced their target price on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, July 25th. Finally, UBS Group reduced their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $109.36.

Goosehead Insurance Price Performance

Goosehead Insurance stock traded down $1.00 during trading hours on Tuesday, hitting $83.19. 215,738 shares of the stock were exchanged, compared to its average volume of 284,946. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92. The stock has a market capitalization of $3.12 billion, a P/E ratio of 73.62, a P/E/G ratio of 7.21 and a beta of 1.34. Goosehead Insurance has a 12 month low of $79.69 and a 12 month high of $130.39. The business's 50-day moving average is $91.93 and its two-hundred day moving average is $103.38.

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 the consensus estimate of $0.53 by ($0.04). The firm had revenue of $94.03 million for the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.Goosehead Insurance's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. Equities research analysts expect that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insider Activity at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $88.23, for a total value of $5,293,800.00. Following the transaction, the insider directly owned 132,349 shares in the company, valued at $11,677,152.27. This represents a 31.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,149 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the acquisition, the chief financial officer directly owned 3,491 shares of the company's stock, valued at $300,505.28. This trade represents a 49.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 244,770 shares of company stock worth $21,568,721 over the last ninety days. Company insiders own 48.35% of the company's stock.

Hedge Funds Weigh In On Goosehead Insurance

Several large investors have recently bought and sold shares of the business. Caxton Associates LLP acquired a new position in Goosehead Insurance in the second quarter valued at approximately $2,140,000. Public Sector Pension Investment Board raised its holdings in Goosehead Insurance by 10.5% in the second quarter. Public Sector Pension Investment Board now owns 85,443 shares of the company's stock worth $9,015,000 after purchasing an additional 8,109 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Goosehead Insurance by 5.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 26,643 shares of the company's stock worth $2,812,000 after purchasing an additional 1,450 shares during the period. Tower Research Capital LLC TRC raised its holdings in Goosehead Insurance by 114.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,054 shares of the company's stock worth $217,000 after purchasing an additional 1,097 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. raised its holdings in Goosehead Insurance by 18.4% in the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 64,396 shares of the company's stock worth $6,794,000 after purchasing an additional 10,000 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.