Goosehead Insurance (NASDAQ:GSHD) Receives New Price Target of $120.00 at JMP Securities
Goosehead Insurance (NASDAQ:GSHD – Get an Assessment) had its price target reduced by research analysts at JMP Securities from $130.00 to $120.00 in a research report released on Friday, reports The Fly. JMP Securities’ target price indicates upside potential of 159.97% from the company’s current price.
Other equity research analysts have also recently released reports on the company. Truist Financial reduced its price target on Goosehead Insurance from $75.00 to $60.00 in a Wednesday, April 27 research note. Piper Sandler lowered her price target on Goosehead Insurance from $120.00 to $75.00 in a Wednesday, April 27 report. Finally, Royal Bank of Canada lowered its price target on Goosehead Insurance from $140.00 to $120.00 in a Wednesday, April 27 report. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.71.
Goosehead Insurance shares opened at $46.16 on Friday. The company has a market capitalization of $1.71 billion, a P/E ratio of 288.52, a P/E/G ratio of 4.00 and a beta of 0.88. The company has a fifty-day simple moving average of $52.03 and a two-hundred-day simple moving average of $80.60. Goosehead Insurance has a 12 month minimum of $39.00 and a 12 month maximum of $181.30.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its quarterly results on Tuesday, April 26. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The company posted revenue of $41.28 million in the quarter, compared to $41.69 million expected by analysts. Goosehead Insurance had a negative return on equity of 5.90% and a net margin of 2.20%. During the same period of the previous year, the company achieved EPS of ($0.02). As a group, stock analysts expect Goosehead Insurance to post 0.28 EPS for the current year.
In other Goosehead Insurance news, insider Patrick Ryan Langston sold 30,000 shares of the company in a trade on Thursday, May 26. The stock was sold at an average price of $50.15, for a total value of $1,504,500.00. Following the transaction, the insider now owns 5,000 shares of the company, valued at approximately $250,750. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Descendants Mark and major shareholder Robyn Jones sold 17,226 shares of the company in a transaction on Monday, April 4. The shares were sold at an average price of $79.77, for a total value of $1,374,118.02. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company, valued at approximately $10,557,479.73. The disclosure of this sale can be found here. Insiders sold a total of 92,472 shares of the company worth $6,409,944 in the past 90 days. 48.35% of the shares are currently held by insiders.
Hedge funds have recently changed their stock holdings. Advisory Services Network LLC purchased a new stake in Goosehead Insurance in the first quarter, valued at approximately $246,000. Capital World Investors increased its holdings in Goosehead Insurance by 335.5% in the first quarter. Capital World Investors now owns 568,000 shares of the company worth $44,628,000 after acquiring an additional 437,576 shares during the period. First Republic Investment Management Inc. increased its stake in Goosehead Insurance by 14.5% during the first quarter. First Republic Investment Management Inc. now owns 3,737 shares of the company worth $294,000 after acquiring an additional 474 shares during the period. 2Xideas AG increased its stake in Goosehead Insurance by 26.8% during the first quarter. 2Xideas AG now owns 101,430 shares of the company worth $7,969,000 after acquiring an additional 21,465 shares during the period. Finally, Captrust Financial Advisors increased its stake in Goosehead Insurance by 265.0% in the first quarter. Captrust Financial Advisors now owns 2,252 shares of the company valued at $177,000 after purchasing an additional 1,635 shares during the period.
About Hen’s Head Insurance (Get a rating)
Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC which provides personal lines insurance agency services in the United States. The Company operates in two segments, Corporate Channel and Franchise Channel. It offers products and services in home insurance, auto insurance, home insurance, flood, wind, earthquake, excess or umbrella liability, motorcycle, recreational vehicle, general liability, property and life.
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