Goosehead Insurance’s (GSHD) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Goosehead Insurance (NASDAQ:GSHD) in a research note released on Monday morning, Benzinga reports. The brokerage currently has a $100.00 price objective on the stock.

GSHD has been the topic of several other reports. BMO Capital Markets cut their target price on shares of Goosehead Insurance from $95.00 to $90.00 and set an outperform rating on the stock in a research note on Thursday, March 28th. TD Cowen initiated coverage on 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 upped their price target on Goosehead Insurance from $85.00 to $88.00 and gave the stock an overweight rating in a research note on Thursday, March 28th. Truist Financial reduced their price objective on Goosehead Insurance from $75.00 to $70.00 and set a hold rating for the company in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. upped their target price on Goosehead Insurance from $61.00 to $62.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $84.88.

Goosehead Insurance Stock Up 0.1 %

Shares of NASDAQ:GSHD opened at $56.50 on Monday. Goosehead Insurance has a 1 year low of $51.06 and a 1 year high of $92.76. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.82 and a quick ratio of 1.82. The business’s 50-day moving average is $72.94 and its 200-day moving average is $73.11. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 99.12, a P/E/G ratio of 3.98 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last issued 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 business had revenue of $63.01 million during the quarter, compared to the consensus estimate of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. Equities research analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, 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 value of $2,722,368.04. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of Goosehead Insurance stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark E. Jr. Jones bought 1,332 shares of the stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $74.86 per share, with a total value of $99,713.52. Following the acquisition, the chief financial officer now owns 1,332 shares of the company’s stock, valued at $99,713.52. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. Company insiders own 38.03% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in Goosehead Insurance by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock worth $1,140,000 after acquiring an additional 161 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Goosehead Insurance by 13.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,394 shares of the company’s stock worth $106,000 after purchasing an additional 165 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Goosehead Insurance by 21.8% in the 2nd 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. Janney Capital Management LLC boosted its holdings in shares of Goosehead Insurance by 3.2% in the 4th quarter. Janney Capital Management LLC now owns 5,805 shares of the company’s stock worth $440,000 after buying an additional 181 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Goosehead Insurance by 3.6% during the third quarter. Arizona State Retirement System now owns 6,122 shares of the company’s stock worth $456,000 after buying an additional 214 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.