Keefe, Bruyette & Woods Cuts Goosehead Insurance (NASDAQ:GSHD) Price Target to $72.00

Goosehead Insurance (NASDAQ:GSHD) had its price target trimmed by Keefe, Bruyette & Woods from $80.00 to $72.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research firms also recently issued reports on GSHD. Piper Sandler lifted their price target on Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada upped their price objective on Goosehead Insurance from $52.00 to $55.00 and gave the stock a “sector perform” rating in a research report on Monday, July 13th. Bank of America decreased their price objective on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Finally, UBS Group boosted their target price on Goosehead Insurance from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.27.

Goosehead Insurance Stock Up 9.0%

Shares of NASDAQ:GSHD opened at $58.75 on Thursday. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $93.90. The company’s fifty day simple moving average is $44.51 and its 200 day simple moving average is $49.11. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 42.88, a PEG ratio of 2.08 and a beta of 1.41.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.47 by $0.17. The business had revenue of $95.63 million for the quarter, compared to analysts’ expectations of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. Research analysts expect that Goosehead Insurance will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88. Following the sale, the insider directly owned 6,995,180 shares of the company’s stock, valued at $285,123,536.80. The trade was a 0.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO John Arthur Martin acquired 5,000 shares of Goosehead Insurance stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of $34.73 per share, with a total value of $173,650.00. Following the completion of the purchase, the chief financial officer owned 5,000 shares in the company, valued at approximately $173,650. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 12,800 shares of company stock valued at $480,718 and sold 219,192 shares valued at $9,092,267. 38.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GSHD. MassMutual Private Wealth & Trust FSB increased its position in shares of Goosehead Insurance by 484.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after purchasing an additional 426 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Goosehead Insurance by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock valued at $37,000 after buying an additional 637 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at approximately $41,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after buying an additional 393 shares in the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.