Goosehead Insurance (NASDAQ:GSHD) Earns "Market Outperform" Rating from JMP Securities

JMP Securities reissued their market outperform rating on shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) in a research report sent to investors on Monday morning, Benzinga reports. JMP Securities currently has a $100.00 price target on the stock.

Other research analysts also recently issued research reports about the stock. Truist Financial dropped their price objective on shares of Goosehead Insurance from $75.00 to $70.00 and set a hold rating on the stock in a report on Thursday, March 28th. TD Cowen assumed coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They issued an outperform rating and a $105.00 target price for the company. Piper Sandler raised their target price on shares of Goosehead Insurance from $85.00 to $88.00 and gave the company an overweight rating in a research note on Thursday, March 28th. BMO Capital Markets cut their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a neutral rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $84.88.

Goosehead Insurance Stock Down 2.0 %

Shares of GSHD stock traded down $1.18 on Monday, hitting $56.90. The company's stock had a trading volume of 300,322 shares, compared to its average volume of 279,106. 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 fifty-two week low of $51.06 and a fifty-two week high of $92.76. The firm's fifty day moving average price is $73.84 and its 200-day moving average price is $73.36. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 99.82, a P/E/G ratio of 4.06 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results 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 firm had revenue of $63.01 million for the quarter, compared to analyst estimates of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. Research analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

Insiders Place Their Bets

In related news, General Counsel John Terry O'connor bought 1,000 shares of Goosehead Insurance stock in a transaction dated Monday, February 26th. The stock was purchased at an average cost of $73.46 per share, with a total value of $73,460.00. Following the transaction, the general counsel now directly owns 1,000 shares of the company's stock, valued at $73,460. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Goosehead Insurance news, General Counsel John Terry O'connor purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $73.46 per share, for a total transaction of $73,460.00. Following the purchase, the general counsel now owns 1,000 shares of the company's stock, valued at approximately $73,460. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at $9,915,587.08. The disclosure for this sale can be found here. In the last ninety days, insiders bought 7,582 shares of company stock valued at $561,249 and sold 68,617 shares valued at $5,291,137. 48.35% of the stock is currently owned by insiders.

Institutional Trading of Goosehead Insurance

Several institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Formulas lifted its position in shares of Goosehead Insurance by 5,350.0% in the 4th quarter. USA Financial Formulas now owns 327 shares of the company's stock worth $25,000 after purchasing an additional 321 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Goosehead Insurance during the 4th quarter valued at about $35,000. Harvest Fund Management Co. Ltd purchased a new position in Goosehead Insurance in the third quarter worth about $37,000. Group One Trading L.P. purchased a new position in Goosehead Insurance in the first quarter worth about $59,000. Finally, Tower Research Capital LLC TRC raised its holdings in Goosehead Insurance by 21.8% in the second quarter. Tower Research Capital LLC TRC now owns 928 shares of the company's stock worth $58,000 after buying an additional 166 shares during the last quarter.

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.