Goosehead Insurance (NASDAQ:GSHD) Price Target Lowered to $98.00 at TD Cowen

Goosehead Insurance (NASDAQ:GSHD) had its price target trimmed by TD Cowen from $105.00 to $98.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also commented on the company. BMO Capital Markets decreased their price objective on Goosehead Insurance from $90.00 to $72.00 and set an outperform rating on the stock in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods lowered their price target on shares of Goosehead Insurance from $93.00 to $85.00 and set an outperform rating for the company in a report on Thursday, April 25th. Royal Bank of Canada reduced their price objective on shares of Goosehead Insurance from $88.00 to $80.00 and set an outperform rating on the stock in a research note on Thursday, April 25th. Piper Sandler lowered their target price on shares of Goosehead Insurance from $88.00 to $65.00 and set an overweight rating for the company in a research note on Thursday, April 25th. Finally, Bank of America reduced their price target on Goosehead Insurance from $36.00 to $35.00 and set an underperform rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Goosehead Insurance presently has a consensus rating of Moderate Buy and an average price target of $73.80.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock traded up $4.49 on Friday, hitting $64.36. The company’s stock had a trading volume of 360,972 shares, compared to its average volume of 371,156. The company has a market capitalization of $2.45 billion, a P/E ratio of 103.81, a price-to-earnings-growth ratio of 3.20 and a beta of 1.31. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $92.76. The firm has a fifty day moving average price of $62.13 and a 200-day moving average price of $71.23. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. The business had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. On average, equities research analysts expect that Goosehead Insurance will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Mark Miller purchased 10,000 shares of the stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $58.06 per share, with a total value of $580,600.00. Following the completion of the transaction, the chief operating officer now owns 30,000 shares in the company, valued at $1,741,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel John Terry O’connor purchased 1,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $73.46 per share, for a total transaction of $73,460.00. Following the acquisition, the general counsel now owns 1,000 shares in the company, valued at $73,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark Miller acquired 10,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was bought at an average cost of $58.06 per share, for a total transaction of $580,600.00. Following the completion of the transaction, the chief operating officer now directly owns 30,000 shares of the company’s stock, valued at $1,741,800. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 17,582 shares of company stock valued at $1,141,849. 48.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Goosehead Insurance

A number of large investors have recently modified their holdings of GSHD. USA Financial Formulas boosted its stake in shares of Goosehead Insurance by 5,350.0% during the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after buying an additional 321 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Goosehead Insurance during the 4th quarter worth $35,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Goosehead Insurance in the 1st quarter worth about $35,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Goosehead Insurance in the 3rd quarter valued at about $37,000. Finally, CENTRAL TRUST Co bought a new position in shares of Goosehead Insurance during the first quarter worth about $67,000.

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.