Keefe, Bruyette & Woods Cuts Goosehead Insurance (NASDAQ:GSHD) Price Target to $75.00
by Amy Steele · The Cerbat GemGoosehead Insurance (NASDAQ:GSHD – Free Report) had its target price trimmed by Keefe, Bruyette & Woods from $85.00 to $75.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.
GSHD has been the topic of several other reports. Wall Street Zen upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Goosehead Insurance in a report on Wednesday, January 28th. UBS Group decreased their price objective on Goosehead Insurance from $121.00 to $90.00 and set a “buy” rating for the company in a report on Monday, February 23rd. JPMorgan Chase & Co. decreased their price objective on Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Finally, BMO Capital Markets decreased their price objective on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.00.
View Our Latest Stock Analysis on GSHD
Goosehead Insurance Stock Performance
GSHD stock opened at $42.25 on Tuesday. The company’s 50 day moving average price is $48.61 and its 200 day moving average price is $63.53. Goosehead Insurance has a fifty-two week low of $40.00 and a fifty-two week high of $114.76. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 3.26 and a beta of 1.69.
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The firm had revenue of $78.20 million for the quarter, compared to analyst estimates of $99.67 million. During the same period in the prior year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that Goosehead Insurance will post 0.83 EPS for the current fiscal year.
Insider Buying and Selling at Goosehead Insurance
In related news, Director Louis Goldberg purchased 5,575 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $44.85 per share, with a total value of $250,038.75. Following the completion of the acquisition, the director directly owned 5,575 shares in the company, valued at $250,038.75. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 48.35% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Goosehead Insurance
Several hedge funds have recently modified their holdings of GSHD. Durable Capital Partners LP lifted its holdings in shares of Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after purchasing an additional 861,374 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Goosehead Insurance by 38.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after purchasing an additional 556,293 shares during the period. Langdon Equity Partners acquired a new stake in shares of Goosehead Insurance during the fourth quarter worth $41,892,000. Whitebark Investors LP acquired a new stake in shares of Goosehead Insurance during the third quarter worth $25,229,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Goosehead Insurance during the third quarter worth $25,222,000.
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.