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

Goosehead Insurance (NASDAQ:GSHD)‘s stock had its “market outperform” rating reissued by equities researchers at JMP Securities in a research report issued on Thursday,Benzinga reports. They presently have a $150.00 price objective on the stock. JMP Securities’ price target suggests a potential upside of 50.69% from the stock’s previous close.

A number of other analysts have also issued reports on the company. UBS Group boosted their target price on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Piper Sandler decreased their target price on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. lifted their target price on Goosehead Insurance from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Bank of America raised their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Finally, Truist Financial reiterated a “hold” rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Hold” and an average target price of $113.70.

Goosehead Insurance Price Performance

GSHD stock opened at $99.54 on Thursday. Goosehead Insurance has a 1 year low of $52.80 and a 1 year high of $130.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $3.71 billion, a PE ratio of 138.25, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. The business has a 50 day simple moving average of $113.44 and a 200-day simple moving average of $111.21.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $16,290,838.41. This represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the transaction, the director now owns 339,008 shares in the company, valued at $41,138,620.80. This trade represents a 37.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 308,812 shares of company stock valued at $37,392,258 over the last 90 days. Corporate insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

Several institutional investors have recently added to or reduced their stakes in GSHD. KBC Group NV grew its holdings in shares of Goosehead Insurance by 20.7% during the first quarter. KBC Group NV now owns 1,101 shares of the company’s stock valued at $130,000 after purchasing an additional 189 shares during the last quarter. Bessemer Group Inc. increased its position in Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the period. Chicago Capital LLC lifted its stake in Goosehead Insurance by 73.0% in the first quarter. Chicago Capital LLC now owns 5,177 shares of the company’s stock valued at $611,000 after buying an additional 2,184 shares during the last quarter. Precision Wealth Strategies LLC boosted its holdings in shares of Goosehead Insurance by 17.0% during the first quarter. Precision Wealth Strategies LLC now owns 5,531 shares of the company’s stock valued at $653,000 after acquiring an additional 805 shares during the period. Finally, PFS Partners LLC boosted its holdings in shares of Goosehead Insurance by 5.4% during the first quarter. PFS Partners LLC now owns 24,536 shares of the company’s stock valued at $2,897,000 after acquiring an additional 1,268 shares during the period.

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.