Goosehead Insurance (NASDAQ:GSHD) Given New $59.00 Price Target at JPMorgan Chase & Co.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $62.00 to $59.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 10.99% from the stock's current price.

Several other research firms have also recently commented on GSHD. Truist Financial dropped their target price on shares of Goosehead Insurance from $75.00 to $70.00 and set a "hold" rating on the stock in a research report on Thursday, March 28th. Royal Bank of Canada decreased their price target on shares of Goosehead Insurance from $88.00 to $80.00 and set an "outperform" rating for the company in a research note on Thursday. JMP Securities reiterated a "market outperform" rating and issued a $100.00 price objective on shares of Goosehead Insurance in a research note on Monday, April 15th. Piper Sandler reduced their price objective on shares of Goosehead Insurance from $88.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, TD Cowen started coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $105.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $80.89.

Goosehead Insurance Stock Down 11.7 %

Shares of GSHD stock traded down $7.04 on Thursday, reaching $53.16. 1,371,591 shares of the company were exchanged, compared to its average volume of 295,139. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 93.26, a PEG ratio of 4.31 and a beta of 1.28. The company has a 50-day moving average of $70.38 and a 200-day moving average of $72.67. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. Goosehead Insurance has a one year low of $50.47 and a one year high of $92.76.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The company had revenue of $64.46 million for the quarter, compared to analysts' expectations of $66.24 million. Analysts anticipate that Goosehead Insurance will post 0.8 earnings per share for the current year.

Insiders Place Their Bets

In other Goosehead Insurance news, COO Mark Miller purchased 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of $73.86 per share, with a total value of $369,300.00. Following the completion of the purchase, the chief operating officer now directly owns 20,000 shares of the company's stock, valued at approximately $1,477,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Mark Miller acquired 5,000 shares of the firm's stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $73.86 per share, for a total transaction of $369,300.00. Following the completion of the transaction, the chief operating officer now owns 20,000 shares of the company's stock, valued at $1,477,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,332 shares of the firm's stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $74.86 per share, for a total transaction of $99,713.52. Following the transaction, the chief financial officer now directly owns 1,332 shares of the company's stock, valued at approximately $99,713.52. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. 38.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in Goosehead Insurance in the third quarter worth about $9,501,000. Vanguard Group Inc. grew its holdings in Goosehead Insurance by 17.8% in the third quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company's stock worth $173,847,000 after purchasing an additional 351,630 shares during the period. Amalgamated Bank grew its holdings in Goosehead Insurance by 217.7% in the third quarter. Amalgamated Bank now owns 10,143 shares of the company's stock worth $756,000 after purchasing an additional 6,950 shares during the period. FMR LLC grew its holdings in Goosehead Insurance by 383.3% in the third quarter. FMR LLC now owns 70,292 shares of the company's stock worth $5,239,000 after purchasing an additional 55,747 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in Goosehead Insurance in the third quarter worth about $23,614,000.

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.