Goosehead Insurance (NASDAQ:GSHD) Given New $122.00 Price Target at Piper Sandler

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its target price cut by equities researchers at Piper Sandler from $132.00 to $122.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's price objective points to a potential upside of 10.86% from the stock's current price.

Other analysts have also issued reports about the stock. Bank of America increased their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. UBS Group increased their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Truist Financial reissued a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods lifted their price target on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Goosehead Insurance from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $110.10.

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Goosehead Insurance Trading Up 1.0 %

GSHD stock traded up $1.08 during midday trading on Wednesday, hitting $110.05. The company had a trading volume of 63,514 shares, compared to its average volume of 278,267. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 152.85, a PEG ratio of 5.17 and a beta of 1.48. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock's 50 day moving average price is $114.94 and its 200 day moving average price is $110.44. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $130.39.

Insider Transactions at Goosehead Insurance

In related news, Chairman Mark Evan Jones sold 40,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.04, for a total value of $4,761,600.00. Following the transaction, the chairman now directly owns 38,951 shares of the company's stock, valued at approximately $4,636,727.04. This represents a 50.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the sale, the insider now directly owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 308,812 shares of company stock valued at $37,392,258 in the last ninety days. 48.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Goosehead Insurance

Institutional investors have recently made changes to their positions in the stock. Whitebark Investors LP purchased a new position in Goosehead Insurance in the fourth quarter worth about $55,326,000. American Century Companies Inc. grew its holdings in Goosehead Insurance by 51.4% during the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock valued at $69,597,000 after purchasing an additional 220,267 shares during the period. State Street Corp increased its position in Goosehead Insurance by 21.2% in the third quarter. State Street Corp now owns 1,059,298 shares of the company's stock worth $94,595,000 after buying an additional 185,037 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Goosehead Insurance by 89.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock worth $21,870,000 after buying an additional 96,309 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Goosehead Insurance by 312.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company's stock valued at $11,754,000 after buying an additional 83,028 shares in the last quarter.

About Goosehead Insurance

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.