Goosehead Insurance (NASDAQ:GSHD) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Goosehead Insurance (NASDAQ:GSHD) in a research note released on Monday, MarketBeat reports. The firm issued a buy rating and a $93.00 price objective on the stock.

Several other brokerages have also weighed in on GSHD. Piper Sandler reduced their price objective on Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a report on Tuesday, October 14th. JMP Securities dropped their price objective on shares of Goosehead Insurance from $150.00 to $140.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Goosehead Insurance in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and a consensus target price of $92.20.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD opened at $75.91 on Monday. Goosehead Insurance has a 1 year low of $64.40 and a 1 year high of $127.99. The company has a market capitalization of $2.80 billion, a PE ratio of 67.18, a price-to-earnings-growth ratio of 12.40 and a beta of 1.52. The business has a fifty day moving average price of $70.19 and a two-hundred day moving average price of $86.21.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results 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). The company had revenue of $90.44 million during 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Sell-side analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel John Terry O’connor purchased 2,100 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of $71.81 per share, with a total value of $150,801.00. Following the purchase, the general counsel directly owned 3,100 shares in the company, valued at approximately $222,611. This represents a 210.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Miller purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was bought at an average cost of $72.34 per share, for a total transaction of $361,700.00. Following the acquisition, the chief executive officer directly owned 35,000 shares in the company, valued at approximately $2,531,900. The trade was a 16.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 7,973 shares of company stock valued at $577,487 over the last 90 days. 48.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors have recently modified their holdings of the company. Wasatch Advisors LP grew its position in Goosehead Insurance by 12.6% during the second quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after acquiring an additional 253,777 shares during the last quarter. Durable Capital Partners LP lifted its holdings in shares of Goosehead Insurance by 126.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock worth $114,769,000 after acquiring an additional 861,374 shares during the last quarter. State Street Corp boosted its stake in shares of Goosehead Insurance by 1.4% in the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after purchasing an additional 14,311 shares in the last quarter. DF Dent & Co. Inc. grew its holdings in shares of Goosehead Insurance by 2.0% during the 3rd 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 last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Goosehead Insurance by 25.4% during the 2nd quarter. Geode Capital Management LLC now owns 705,284 shares of the company’s stock valued at $74,422,000 after purchasing an additional 143,038 shares during the last quarter.

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.