Keefe, Bruyette & Woods Cuts Goosehead Insurance (NASDAQ:GSHD) Price Target to $95.00

Key Points

• Keefe, Bruyette & Woods has lowered their price target for Goosehead Insurance (NASDAQ:GSHD) from $102.00 to $95.00, while maintaining an "outperform" rating, suggesting a potential upside of 25.19%.
• The shares of Goosehead Insurance rose 10.5% to $75.88 during trading on Thursday, while the stock has seen a 12-month high of $130.39 and a low of $64.40.
• Goosehead Insurance's latest earnings reported an EPS of $0.46, missing the consensus estimate of $0.54, along with revenue of $90.44 million, which was also below expectations of $94.25 million.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its target price lowered by equities researchers at Keefe, Bruyette & Woods from $102.00 to $95.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 25.19% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Goosehead Insurance from $101.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, October 9th. BMO Capital Markets reduced their target price on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, July 25th. Cantor Fitzgerald reissued an "overweight" rating on shares of Goosehead Insurance in a research note on Thursday. Weiss Ratings reiterated a "hold (c+)" rating on shares of Goosehead Insurance in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Goosehead Insurance from a "hold" rating to a "strong sell" rating in a research report on Friday, October 10th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Goosehead Insurance has a consensus rating of "Hold" and an average price target of $101.91.

Goosehead Insurance Stock Up 10.5%

Goosehead Insurance stock traded up $7.23 during trading hours on Thursday, hitting $75.88. The stock had a trading volume of 414,248 shares, compared to its average volume of 307,582. Goosehead Insurance has a 12-month low of $64.40 and a 12-month high of $130.39. The stock's 50-day moving average price is $77.78 and its 200-day moving average price is $93.47. The stock has a market capitalization of $2.85 billion, a P/E ratio of 67.15, a price-to-earnings-growth ratio of 13.68 and a beta of 1.27.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.08). The firm had revenue of $90.44 million during the quarter, compared to analysts' expectations of $94.25 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The company's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, research analysts expect that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the transaction, the insider directly owned 132,349 shares of the company's stock, valued at $11,677,152.27. This represents a 31.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark E. Jr. Jones acquired 1,149 shares of Goosehead Insurance stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average price of $86.08 per share, with a total value of $98,905.92. Following the completion of the purchase, the chief financial officer directly owned 3,491 shares in the company, valued at $300,505.28. This represents a 49.06% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 244,770 shares of company stock valued at $21,568,721. 48.35% of the stock is currently owned by company insiders.

Institutional Trading of Goosehead Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in GSHD. SG Americas Securities LLC boosted its position in Goosehead Insurance by 63.7% in the 3rd quarter. SG Americas Securities LLC now owns 9,185 shares of the company's stock valued at $684,000 after buying an additional 3,575 shares during the period. Annex Advisory Services LLC lifted its holdings in Goosehead Insurance by 4.6% during the 3rd quarter. Annex Advisory Services LLC now owns 142,891 shares of the company's stock worth $10,634,000 after buying an additional 6,327 shares during the last quarter. Institute for Wealth Management LLC. bought a new stake in shares of Goosehead Insurance during the 3rd quarter worth about $432,000. Caxton Associates LLP acquired a new stake in Goosehead Insurance during the 2nd quarter valued at $2,140,000. Finally, Public Sector Pension Investment Board increased its stake in shares of Goosehead Insurance by 10.5% during the 2nd 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 last quarter.

About Goosehead Insurance

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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