Goosehead Insurance (NASDAQ:GSHD) Price Target Lowered to $85.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered the price target for Goosehead Insurance (NASDAQ:GSHD) from $101.00 to $85.00, maintaining a "neutral" rating on the stock.
• Despite the price target reduction, there is a potential upside of 23.75% from the stock's previous close, which was at $68.69.
• Goosehead Insurance reported earnings of $0.49 per share for the last quarter, missing the consensus estimate of $0.53.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $101.00 to $85.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 23.75% from the stock's previous close.

GSHD has been the topic of a number of other reports. Keefe, Bruyette & Woods decreased their price objective on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Weiss Ratings restated a "hold (c+)" rating on shares of Goosehead Insurance in a research note on Wednesday. BMO Capital Markets dropped their target price on 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. Truist Financial dropped their price objective on shares of Goosehead Insurance from $90.00 to $85.00 and set a "hold" rating on the stock in a research note on Tuesday, September 23rd. Finally, Zacks Research upgraded shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Goosehead Insurance presently has an average rating of "Hold" and an average price target of $106.00.

Goosehead Insurance Stock Performance

GSHD traded up $0.08 during trading on Thursday, reaching $68.69. The stock had a trading volume of 18,895 shares, compared to its average volume of 304,684. The stock has a market cap of $2.58 billion, a PE ratio of 60.86, a PEG ratio of 5.81 and a beta of 1.27. The business has a 50-day moving average of $81.81 and a 200-day moving average of $96.98. Goosehead Insurance has a one year low of $66.07 and a one year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $94.03 million during 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%.The firm's revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. Equities research analysts forecast 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 & Robyn Jones Descendants Mark sold 600 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $87.01, for a total value of $52,206.00. Following the transaction, the insider owned 132,349 shares in the company, valued at $11,515,686.49. The trade was a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 244,770 shares of company stock valued at $21,568,721. Insiders own 48.35% of the company's stock.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of 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 in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of 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 acquiring an additional 269 shares during the period. TCTC Holdings LLC lifted its stake in shares of Goosehead Insurance by 117.1% in the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company's stock valued at $39,000 after purchasing an additional 178 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in 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. Finally, Larson Financial Group LLC grew its position in shares of Goosehead Insurance by 1,251.6% in the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after purchasing an additional 388 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.

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