JPMorgan Chase & Co. Increases Goosehead Insurance (NASDAQ:GSHD) Price Target to $60.00

Goosehead Insurance (NASDAQ:GSHD) had its price target boosted by JPMorgan Chase & Co. from $55.00 to $60.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 9.52% from the stock’s previous close.

Other analysts also recently issued reports about the company. Weiss Ratings upgraded Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their target price on Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Bank of America lowered their target price on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Citizens Jmp dropped their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Finally, Royal Bank Of Canada increased their target price on shares of Goosehead Insurance from $52.00 to $55.00 and gave the stock a “sector perform” rating in a report on Monday. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $66.91.

Goosehead Insurance Price Performance

NASDAQ:GSHD traded up $1.25 during mid-day trading on Monday, reaching $54.78. The stock had a trading volume of 92,064 shares, compared to its average volume of 496,117. The stock has a 50-day simple moving average of $41.72 and a two-hundred day simple moving average of $50.36. The stock has a market capitalization of $1.95 billion, a PE ratio of 48.24, a P/E/G ratio of 1.88 and a beta of 1.41. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $104.00.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. The firm had revenue of $79.48 million during the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. Equities analysts expect that Goosehead Insurance will post 1.47 EPS for the current year.

Insider Buying and Selling at Goosehead Insurance

In related news, General Counsel Martin Ellis Thornthwaite bought 5,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $41.50 per share, with a total value of $207,500.00. Following the transaction, the general counsel directly owned 5,000 shares in the company, valued at approximately $207,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Arthur Martin bought 5,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average cost of $34.73 per share, with a total value of $173,650.00. Following the completion of the transaction, the chief financial officer owned 5,000 shares in the company, valued at $173,650. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 12,800 shares of company stock worth $480,718 and have sold 219,192 shares worth $9,092,267. Company insiders own 38.07% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP raised its position in shares of Goosehead Insurance by 32.3% during the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after acquiring an additional 559,087 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Goosehead Insurance by 38.5% in 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 acquiring an additional 556,293 shares during the period. Durable Capital Partners LP boosted its holdings in Goosehead Insurance by 126.5% in the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after acquiring an additional 861,374 shares during the last quarter. DF Dent & Co. Inc. boosted its holdings in Goosehead Insurance by 3.2% in the fourth quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock valued at $76,939,000 after acquiring an additional 32,246 shares during the last quarter. Finally, State Street Corp increased its position in Goosehead Insurance by 1.4% during the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after purchasing an additional 14,311 shares during the period.

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.