BMO Capital Markets Trims Goosehead Insurance (NASDAQ:GSHD) Target Price to $72.00

Goosehead Insurance (NASDAQ:GSHD - Free Report) had its price target decreased by BMO Capital Markets from $90.00 to $72.00 in a research report report published on Tuesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

GSHD has been the topic of a number of other research reports. Truist Financial lowered their target price on Goosehead Insurance from $70.00 to $60.00 and set a hold rating on the stock in a report on Thursday, April 25th. Piper Sandler reduced their target price on shares of Goosehead Insurance from $88.00 to $65.00 and set an overweight rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of Goosehead Insurance from $62.00 to $59.00 and set a neutral rating for the company in a report on Thursday, April 25th. TD Cowen assumed coverage on shares of Goosehead Insurance in a research report on Wednesday, January 10th. They issued an outperform rating and a $105.00 price objective for the company. Finally, JMP Securities reaffirmed a market outperform rating and issued a $100.00 target price on shares of Goosehead Insurance in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $78.89.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD traded up $0.06 during midday trading on Tuesday, hitting $56.91. The company had a trading volume of 447,988 shares, compared to its average volume of 306,000. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The business has a 50-day simple moving average of $68.19 and a two-hundred day simple moving average of $72.33. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $92.76. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 91.79, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The business had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. Equities research analysts anticipate that Goosehead Insurance will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Mark Miller purchased 10,000 shares of the company's stock in a transaction on Monday, April 29th. The stock was bought at an average cost of $58.06 per share, for a total transaction of $580,600.00. Following the completion of the purchase, the chief operating officer now directly owns 30,000 shares of the company's stock, valued at approximately $1,741,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel John Terry O'connor acquired 1,000 shares of the stock in a transaction on Monday, February 26th. The stock was bought at an average price of $73.46 per share, with a total value of $73,460.00. Following the completion of the transaction, the general counsel now directly owns 1,000 shares of the company's stock, valued at $73,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark Miller purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $58.06 per share, for a total transaction of $580,600.00. Following the purchase, the chief operating officer now directly owns 30,000 shares in the company, valued at $1,741,800. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 17,582 shares of company stock valued at $1,141,849 and have sold 68,617 shares valued at $5,291,137. Corporate insiders own 38.03% of the company's stock.

Institutional Trading of Goosehead Insurance

Large investors have recently modified their holdings of the business. USA Financial Formulas boosted its holdings in Goosehead Insurance by 5,350.0% in the fourth quarter. USA Financial Formulas now owns 327 shares of the company's stock valued at $25,000 after purchasing an additional 321 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Goosehead Insurance during the 4th quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Goosehead Insurance during the third quarter worth approximately $37,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Goosehead Insurance during the first quarter worth approximately $35,000. Finally, CENTRAL TRUST Co bought a new stake in shares of Goosehead Insurance in the first quarter worth $67,000.

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.