JPMorgan Chase & Co. Raises Goosehead Insurance (NASDAQ:GSHD) Price Target to $100.00

Goosehead Insurance (NASDAQ:GSHD) had its target price increased by analysts at JPMorgan Chase & Co. from $90.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 9.63% from the company’s current price.

GSHD has been the topic of a number of other reports. UBS Group boosted their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods raised their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Truist Financial reissued a “hold” rating and issued a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, Bank of America lifted their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. One research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $110.10.

Goosehead Insurance Stock Performance

Shares of GSHD stock traded up $5.37 during trading on Tuesday, reaching $110.66. 25,961 shares of the company’s stock traded hands, compared to its average volume of 262,409. Goosehead Insurance has a 1 year low of $50.47 and a 1 year high of $130.39. The company has a market capitalization of $4.11 billion, a P/E ratio of 153.69, 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 firm’s 50-day moving average is $114.70 and its 200 day moving average is $109.74.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the transaction, the director now owns 339,008 shares of the company’s stock, valued at approximately $41,138,620.80. This trade represents a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the purchase, the chief financial officer now directly owns 2,342 shares of the company’s stock, valued at $276,402.84. This represents a 75.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 308,812 shares of company stock worth $37,392,258 over the last quarter. Corporate insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

A number of institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new position in shares of Goosehead Insurance during the 4th quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance in the third quarter worth about $63,000. Kestra Investment Management LLC bought a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $63,000. Smartleaf Asset Management LLC increased its position in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock valued at $64,000 after purchasing an additional 509 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock worth $65,000 after purchasing an additional 257 shares during the period.

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.