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

Goosehead Insurance (NASDAQ:GSHD - Get Free Report)'s stock had its "market outperform" rating restated by JMP Securities in a report released on Tuesday, Benzinga reports. They currently have a $100.00 target price on the stock. JMP Securities' target price indicates a potential upside of 4.20% from the company's current price.

A number of other research analysts also recently issued reports on GSHD. Piper Sandler lifted their price target on shares of Goosehead Insurance from $72.00 to $94.00 and gave the stock an "overweight" rating in a research note on Monday. TD Cowen lowered Goosehead Insurance from a "buy" rating to a "hold" rating and dropped their target price for the company from $98.00 to $94.00 in a report on Thursday, August 15th. UBS Group raised their price target on Goosehead Insurance from $92.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Finally, BMO Capital Markets downgraded Goosehead Insurance from an "outperform" rating to a "market perform" rating and set a $90.00 price objective on the stock. in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $84.10.

Goosehead Insurance Stock Up 1.7 %

Shares of Goosehead Insurance stock traded up $1.61 during trading hours on Tuesday, reaching $95.97. 396,551 shares of the company were exchanged, compared to its average volume of 292,647. The firm has a market cap of $3.65 billion, a PE ratio of 153.40, a PEG ratio of 4.72 and a beta of 1.35. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.14 and a current ratio of 1.13. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $96.76. The stock's fifty day moving average is $86.31 and its 200 day moving average is $70.96.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. The company had revenue of $78.10 million for the quarter, compared to the consensus estimate of $74.31 million. Goosehead Insurance had a return on equity of 244.15% and a net margin of 6.71%. Goosehead Insurance's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. As a group, equities research analysts forecast that Goosehead Insurance will post 0.76 earnings per share for the current year.

Insider Activity at Goosehead Insurance

In other news, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at approximately $425,950. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Mark Evan Jones sold 8,977 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $82.33, for a total value of $739,076.41. Following the completion of the sale, the chairman now owns 39,451 shares in the company, valued at approximately $3,248,000.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the transaction, the insider now directly owns 5,000 shares of the company's stock, valued at $425,950. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,798 shares of company stock worth $5,357,113 in the last 90 days. 48.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

Large investors have recently modified their holdings of the business. Mechanics Bank Trust Department purchased a new stake in shares of Goosehead Insurance in the third quarter valued at approximately $218,000. Atomi Financial Group Inc. purchased a new stake in shares of Goosehead Insurance during the 3rd quarter worth $275,000. GAMMA Investing LLC grew its stake in shares of Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company's stock worth $31,000 after purchasing an additional 231 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Goosehead Insurance by 94.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,000 shares of the company's stock valued at $625,000 after purchasing an additional 3,400 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Goosehead Insurance in the third quarter valued at about $468,000.

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.