Goosehead Insurance (NASDAQ:GSHD) Downgraded by TD Cowen to “Hold”

Goosehead Insurance (NASDAQ:GSHD) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, Briefing.com reports. They presently have a $94.00 price objective on the stock, down from their prior price objective of $98.00. TD Cowen’s price target would suggest a potential upside of 11.19% from the stock’s current price.

Several other equities analysts have also weighed in on GSHD. Truist Financial lifted their target price on shares of Goosehead Insurance from $60.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Goosehead Insurance in a report on Thursday, July 25th. Bank of America upped their price objective on shares of Goosehead Insurance from $35.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 11th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their price target on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.60.

Goosehead Insurance Stock Up 0.4 %

NASDAQ:GSHD opened at $84.54 on Thursday. The firm has a market capitalization of $3.21 billion, a P/E ratio of 136.35, a PEG ratio of 4.61 and a beta of 1.35. The company’s fifty day moving average price is $67.32 and its 200-day moving average price is $68.34. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $92.76. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.13 and a quick ratio of 1.14.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm 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%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. As a group, equities research analysts anticipate that Goosehead Insurance will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Goosehead Insurance by 34.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after purchasing an additional 879,959 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in Goosehead Insurance by 407.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock valued at $35,542,000 after purchasing an additional 428,355 shares during the last quarter. Wasatch Advisors LP raised its stake in Goosehead Insurance by 17.2% in the 1st quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after purchasing an additional 308,312 shares during the last quarter. American Century Companies Inc. raised its stake in Goosehead Insurance by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after purchasing an additional 110,832 shares during the last quarter. Finally, Norden Group LLC raised its stake in Goosehead Insurance by 1,839.4% in the 1st quarter. Norden Group LLC now owns 109,942 shares of the company’s stock valued at $7,324,000 after purchasing an additional 104,273 shares during 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.