Goosehead Insurance (NASDAQ: GSHD – Get rating) has lowered its target price from JMP Securities from $ 130.00 to $ 120.00 in a research note published on Friday, reports The Fly. Currently, the brokerage company has a rating for the purchase of shares.
Other research analysts also recently released stock reports. Piper Sandler lowered its target price for Goosehead Insurance shares from $ 120.00 to $ 75.00 in a report on Wednesday, April 27. Royal Bank of Canada lowered its target price for Goosehead Insurance shares from $ 140.00 to $ 120.00 in a report on Wednesday, April 27. Finally, Truist Financial lowered its target for Goosehead Insurance stock prices from $ 75.00 to $ 60.00 in a research note on Wednesday, April 27. One investment analyst rated the shares with a sell rating, two issued a hold rating and five gave a stock buy rating. According to MarketBeat, the shares currently have a consensus rating of moderate buying and an average target price of $ 120.71.
The NASDAQ GSHD opened at $ 50.26 on Friday. The shares have a market capitalization of $ 1.87 billion, a P / E ratio of 314.14, a P / E / G ratio of 4.00 and a beta ratio of 0.88. Goosehead Insurance has a 52-week low of $ 39.00 and a 52-week high of $ 181.30. The company has a 50-day moving average price of $ 51.73 and a 200-day moving average price of $ 80.00.
Goosehead Insurance (NASDAQ: GSHD – Get Rating) last released its earnings results on Tuesday, April 26th. The company reported ($ 0.11) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of ($ 0.03) with ($ 0.08). Goosehead Insurance had a net margin of 2.20% and a negative return on equity of 5.90%. The company had revenue of $ 41.28 million in the quarter, compared to analysts’ expectations of $ 41.69 million. During the same period last year, the business reported ($ 0.02) earnings per share. On average, stock research analysts predict that Goosehead Insurance will report 0.28 earnings per share for the current year.
In other news about Goosehead Insurance, insider Patrick Ryan Langston sold 30,000 shares of Goosehead Insurance in a deal on Thursday, May 26th. The shares were sold at an average price of $ 50.15, for a total value of $ 1,504,500.00. Following the deal, the insider now owns 5,000 shares of the company worth approximately $ 250,750. The sale is disclosed in a document submitted to the SEC, which can be accessed through the SEC website. Also major shareholder & Robyn Jones Descendants Mark sold 38,246 shares of Goosehead Insurance in a deal on Thursday, March 31st. The shares were sold at an average price of $ 82.95, for a total transaction of $ 3,172,505.70. Following the completion of the transaction, the insider now owns 132,349 shares in the company worth approximately $ 10,978,349.55. The disclosure for this sale can be found here. Over the past 90 days, insiders have sold 92,472 shares of the company worth $ 6,409,944. 48.35% of the shares are owned by insiders of the company.
Several institutional investors and hedge funds have recently made changes to their positions at GSHD. Dimensional Fund Advisors LP increased its stake in Goosehead Insurance by 480.1% in the third quarter. Dimensional Fund Advisors LP already owns 33,801 shares of the company’s shares worth $ 5,148,000 after buying an additional 27,974 shares in the last quarter. Royal Bank of Canada increased its stake in Goosehead Insurance by 1.2% in the third quarter. Royal Bank of Canada now owns 12,109 shares of the company’s $ 1,844,000 shares after buying an additional 140 shares in the last quarter. The California teacher retirement system increased its stake in Goosehead Insurance by 1.1% in the third quarter. California’s state teacher retirement system already owns 24,667 shares of the company’s $ 3,757,000 shares after buying an additional 268 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Goosehead Insurance in the 3rd quarter worth $ 6,497,000. Finally, Thrivent Financial for Lutherans acquired a new position in Goosehead Insurance shares in the third quarter worth $ 217,000.
About Goosehead insurance (Get a rating)
Goosehead Insurance, Inc. operates as a holding company for Goosehead Financial, LLC, which provides personal line insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. Offers products and services for homeowners, insurance, car, home insurance, flood, wind, earthquake, over-liability or umbrella, motorcycles, recreational vehicles, general liability, property and life.
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