Goosehead Insurance (NASDAQ:GSHD) Now Covered by Jefferies Financial Group

Equities researchers at Jefferies Financial Group initiated coverage on shares of Goosehead Insurance (NASDAQ:GSHD) in a note issued to investors on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $93.00 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 23.33% from the stock’s current price.

Several other brokerages have also commented on GSHD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Goosehead Insurance in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Keefe, Bruyette & Woods cut their target price on Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. JMP Securities cut their price target on Goosehead Insurance from $150.00 to $140.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 14th. Finally, UBS Group lowered their price target on Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating for the company in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $92.20.

Goosehead Insurance Stock Up 5.4%

Shares of GSHD opened at $75.41 on Monday. The business’s 50 day moving average price is $70.24 and its 200-day moving average price is $86.55. Goosehead Insurance has a 52 week low of $64.40 and a 52 week high of $127.99. The stock has a market cap of $2.78 billion, a P/E ratio of 66.74, a P/E/G ratio of 11.68 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). Goosehead Insurance had a net margin of 8.55% and a negative return on equity of 34.60%. The company had revenue of $90.44 million for the quarter, compared to the consensus estimate of $94.25 million. During the same period last year, the business earned $0.50 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Activity at Goosehead Insurance

In other news, General Counsel John Terry O’connor acquired 2,100 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was bought at an average price of $71.81 per share, with a total value of $150,801.00. Following the completion of the acquisition, the general counsel owned 3,100 shares of the company’s stock, valued at approximately $222,611. This represents a 210.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark E. Jr. Jones purchased 873 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was acquired at an average price of $74.44 per share, with a total value of $64,986.12. Following the purchase, the chief financial officer owned 4,364 shares in the company, valued at $324,856.16. This represents a 25.01% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 7,973 shares of company stock worth $577,487. 37.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its holdings in shares of Goosehead Insurance by 12.6% in the second quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after purchasing an additional 253,777 shares during the last quarter. Durable Capital Partners LP raised its position in Goosehead Insurance by 126.5% in the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after purchasing an additional 861,374 shares during the period. State Street Corp boosted its holdings in Goosehead Insurance by 1.4% during the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after acquiring an additional 14,311 shares during the period. DF Dent & Co. Inc. boosted its stake in shares of Goosehead Insurance by 2.0% in the third quarter. DF Dent & Co. Inc. now owns 1,012,414 shares of the company’s stock valued at $75,344,000 after purchasing an additional 20,085 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Goosehead Insurance by 25.4% during the second quarter. Geode Capital Management LLC now owns 705,284 shares of the company’s stock worth $74,422,000 after acquiring an additional 143,038 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.