JMP Securities Reiterates “Market Outperform” Rating for Goosehead Insurance (NASDAQ:GSHD)

JMP Securities reiterated their market outperform rating on shares of Goosehead Insurance (NASDAQ:GSHD) in a research report released on Monday morning, Benzinga reports. They currently have a $100.00 target price on the stock.

GSHD has been the subject of several other research reports. Piper Sandler increased their price objective on Goosehead Insurance from $85.00 to $88.00 and gave the stock an overweight rating in a report on Thursday, March 28th. BMO Capital Markets cut their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an outperform rating on the stock in a report on Thursday, March 28th. TD Cowen initiated coverage on shares of Goosehead Insurance in a research report on Wednesday, January 10th. They set an outperform rating and a $105.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Goosehead Insurance from $61.00 to $62.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Finally, Truist Financial reduced their price target on shares of Goosehead Insurance from $75.00 to $70.00 and set a hold rating on the stock in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $84.88.

Goosehead Insurance Stock Up 0.1 %

Shares of Goosehead Insurance stock opened at $56.50 on Monday. The company’s 50 day moving average price is $72.94 and its 200-day moving average price is $73.11. Goosehead Insurance has a 52-week low of $51.06 and a 52-week high of $92.76. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The stock 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 released its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $63.01 million during the quarter, compared to analysts’ expectations of $68.18 million. Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. Equities research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Transactions at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Desiree Coleman sold 17,070 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $80.15, for a total value of $1,368,160.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total value of $2,722,368.04. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $9,915,587.08. The disclosure for this sale can be found here. In the last three months, insiders have acquired 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Insiders own 38.03% of the company’s stock.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds have recently bought and sold shares of the company. Capital World Investors raised its holdings in Goosehead Insurance by 335.5% in the first quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after buying an additional 437,576 shares during the last quarter. Wasatch Advisors Inc. increased its position in shares of Goosehead Insurance by 30.7% during the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock valued at $117,605,000 after acquiring an additional 351,769 shares in the last quarter. Vanguard Group Inc. raised its holdings in Goosehead Insurance by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock worth $173,847,000 after acquiring an additional 351,630 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in Goosehead Insurance in the 3rd quarter worth approximately $23,614,000. Finally, Ashford Capital Management Inc. lifted its position in Goosehead Insurance by 172.5% in the 4th quarter. Ashford Capital Management Inc. now owns 474,215 shares of the company’s stock valued at $16,285,000 after acquiring an additional 300,185 shares in 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.