Piper Sandler Lowers Goosehead Insurance (NASDAQ:GSHD) Price Target to $69.00

Key Points

• Piper Sandler has lowered its price target for Goosehead Insurance (NASDAQ:GSHD) from $79.00 to $69.00, indicating a potential downside of 7.73% from the current stock price.
• Goosehead Insurance reported $0.46 EPS for the last quarter, missing estimates by $0.08, although revenue grew by 15.9% year-over-year.
• Currently, Goosehead Insurance has a consensus rating of "Hold" from analysts, with six ratings for Buy and six for Hold.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its price objective dropped by equities research analysts at Piper Sandler from $79.00 to $69.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Piper Sandler's price objective would suggest a potential downside of 7.73% from the stock's current price.

Several other analysts also recently issued reports on the company. Cantor Fitzgerald reissued an "overweight" rating on shares of Goosehead Insurance in a report on Thursday. BMO Capital Markets cut their price target on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Weiss Ratings reissued a "hold (c+)" rating on shares of Goosehead Insurance in a report on Wednesday, October 8th. Finally, Citigroup restated an "outperform" rating on shares of Goosehead Insurance in a research report on Tuesday, October 14th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $104.18.

Goosehead Insurance Stock Up 8.9%

NASDAQ:GSHD traded up $6.13 during trading hours on Thursday, reaching $74.78. 359,510 shares of the stock were exchanged, compared to its average volume of 307,432. The stock has a market capitalization of $2.81 billion, a P/E ratio of 66.18, a P/E/G ratio of 13.68 and a beta of 1.27. Goosehead Insurance has a 52 week low of $64.40 and a 52 week high of $130.39. The firm has a 50 day simple moving average of $77.78 and a 200-day simple moving average of $93.47.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly 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 company had revenue of $90.44 million during the quarter, compared to the consensus estimate 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 for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Activity at Goosehead Insurance

In related news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $86.30, for a total value of $258,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance stock in a transaction on Friday, August 15th. The shares were sold at an average price of $87.01, for a total value of $52,206.00. Following the transaction, the insider owned 132,349 shares in the company, valued at approximately $11,515,686.49. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 244,770 shares of company stock worth $21,568,721. 48.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds have recently modified their holdings of the company. Harbor Investment Advisory LLC grew its holdings in shares of Goosehead Insurance by 9.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,083 shares of the company's stock worth $114,000 after acquiring an additional 98 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Goosehead Insurance by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 5,299 shares of the company's stock worth $559,000 after acquiring an additional 116 shares during the last quarter. Bryce Point Capital LLC grew its holdings in shares of Goosehead Insurance by 2.2% in the 2nd quarter. Bryce Point Capital LLC now owns 6,954 shares of the company's stock worth $734,000 after acquiring an additional 148 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Goosehead Insurance by 7.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,436 shares of the company's stock worth $257,000 after acquiring an additional 159 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Goosehead Insurance by 2.5% in the 2nd quarter. Amalgamated Bank now owns 7,051 shares of the company's stock worth $744,000 after acquiring an additional 170 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.

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