Piper Sandler Cuts Goosehead Insurance (NASDAQ:GSHD) Price Target to $69.00

Goosehead Insurance (NASDAQ:GSHD) had its price objective reduced by Piper Sandler from $79.00 to $69.00 in a research note published on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on GSHD. BMO Capital Markets decreased their target price on Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a research note on Friday, July 25th. JMP Securities decreased their target price on Goosehead Insurance from $150.00 to $140.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods decreased their target price on Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Cantor Fitzgerald restated an “overweight” rating on shares of Goosehead Insurance in a research note on Thursday. Finally, Truist Financial reduced their price objective on Goosehead Insurance from $90.00 to $85.00 and set a “hold” rating for the company in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and an average target price of $99.90.

Goosehead Insurance Stock Performance

Shares of GSHD opened at $73.90 on Thursday. The stock has a 50-day simple moving average of $77.29 and a 200-day simple moving average of $92.97. The stock has a market capitalization of $2.78 billion, a PE ratio of 65.40, a PEG ratio of 14.81 and a beta of 1.27. Goosehead Insurance has a 1 year low of $64.40 and a 1 year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). The business had revenue of $90.44 million for the quarter, compared to analysts’ expectations of $94.25 million. Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.Goosehead Insurance’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. Analysts predict that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Buying and Selling

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 600 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $87.01, for a total value of $52,206.00. Following the completion of the sale, the insider owned 132,349 shares in the company, valued at approximately $11,515,686.49. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 244,770 shares of company stock valued at $21,568,721. 48.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its holdings in shares of Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the period. TCTC Holdings LLC increased its holdings in shares of Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after purchasing an additional 178 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock valued at $49,000 after purchasing an additional 388 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.