JPMorgan Chase & Co. Boosts Goosehead Insurance (NASDAQ:GSHD) Price Target to $62.00

Goosehead Insurance (NASDAQ:GSHD - Free Report) had its price target lifted by JPMorgan Chase & Co. from $61.00 to $62.00 in a report issued on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen started coverage on shares of Goosehead Insurance in a report on Wednesday, January 10th. They issued an outperform rating and a $105.00 price objective on the stock. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an outperform rating for the company in a research report on Thursday, March 28th. Piper Sandler raised their price target on shares of Goosehead Insurance from $85.00 to $88.00 and gave the company an overweight rating in a research report on Thursday, March 28th. Finally, Truist Financial reduced their price target on shares of Goosehead Insurance from $75.00 to $70.00 and set a hold rating for the company in a research report on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $82.71.

Goosehead Insurance Stock Up 0.8 %

GSHD traded up $0.50 during midday trading on Monday, reaching $60.03. The company's stock had a trading volume of 249,981 shares, compared to its average volume of 276,085. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 105.32, a PEG ratio of 4.53 and a beta of 1.28. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. Goosehead Insurance has a 1 year low of $50.67 and a 1 year high of $92.76. The stock's 50-day moving average is $75.79 and its 200-day moving average is $73.97.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The business had revenue of $63.01 million during the quarter, compared to analysts' expectations of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. As a group, research analysts expect that Goosehead Insurance will post 0.81 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Desiree Coleman sold 2,324 shares of the firm's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Desiree Coleman sold 2,324 shares of the firm's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel John Terry O'connor purchased 1,000 shares of the company's stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $73.46 per share, for a total transaction of $73,460.00. Following the purchase, the general counsel now directly owns 1,000 shares in the company, valued at $73,460. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. 38.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GSHD. USA Financial Formulas boosted its stake in shares of Goosehead Insurance by 5,350.0% during the 4th quarter. USA Financial Formulas now owns 327 shares of the company's stock worth $25,000 after acquiring an additional 321 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Goosehead Insurance during the 4th quarter worth $33,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Goosehead Insurance during the 4th quarter valued at $35,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Goosehead Insurance during the 3rd quarter valued at $37,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Goosehead Insurance by 21.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 928 shares of the company's stock valued at $58,000 after buying an additional 166 shares in 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.