Goosehead Insurance (NASDAQ:GSHD) Price Target Cut to $140.00 by Analysts at UBS Group

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its target price decreased by equities research analysts at UBS Group from $145.00 to $140.00 in a research report issued on Monday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. UBS Group's target price would indicate a potential upside of 36.75% from the stock's current price.

A number of other research firms also recently commented on GSHD. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. Bank of America raised their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. Piper Sandler reduced their target price on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. BMO Capital Markets dropped their price target on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Stock Up 5.4 %

Goosehead Insurance stock traded up $5.26 during midday trading on Monday, reaching $102.38. The company's stock had a trading volume of 333,838 shares, compared to its average volume of 273,863. The company has a market cap of $3.82 billion, a P/E ratio of 142.20, a P/E/G ratio of 5.17 and a beta of 1.48. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The business has a 50-day simple moving average of $111.98 and a 200-day simple moving average of $111.47. Goosehead Insurance has a fifty-two week low of $54.80 and a fifty-two week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $75.58 million for the quarter, compared to analyst estimates of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. On average, research analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $15,897,761.88. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark E. Jr. Jones bought 1,010 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the acquisition, the chief financial officer now owns 2,342 shares of the company's stock, valued at approximately $276,402.84. This represents a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 308,812 shares of company stock worth $37,392,258. 48.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds have recently added to or reduced their stakes in GSHD. Bessemer Group Inc. raised its stake in shares of Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after buying an additional 191 shares in the last quarter. R Squared Ltd acquired a new position in Goosehead Insurance during the fourth quarter worth $39,000. Larson Financial Group LLC raised its position in Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after acquiring an additional 388 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Goosehead Insurance in the first quarter valued at $53,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Goosehead Insurance during the 4th quarter worth $63,000.

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.