Piper Sandler Lowers Goosehead Insurance (NASDAQ:GSHD) Price Target to $122.00

Goosehead Insurance (NASDAQ:GSHD) had its price target trimmed by Piper Sandler from $132.00 to $122.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms also recently commented on GSHD. Bank of America lifted their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. UBS Group boosted their price objective on shares of Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Truist Financial reaffirmed a “hold” rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $110.10.

Goosehead Insurance Price Performance

GSHD traded down $3.66 on Wednesday, reaching $109.39. The stock had a trading volume of 70,659 shares, compared to its average volume of 264,082. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 151.82, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. Goosehead Insurance has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The firm has a 50-day moving average of $114.78 and a 200-day moving average of $110.00.

Insider Transactions at Goosehead Insurance

In other news, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $41,138,620.80. This represents a 37.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $15,897,761.88. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 308,812 shares of company stock valued at $37,392,258 in the last quarter. 37.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Goosehead Insurance by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock worth $1,265,000 after purchasing an additional 100 shares in the last quarter. Mechanics Bank Trust Department lifted its stake in shares of Goosehead Insurance by 4.5% in the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock valued at $274,000 after buying an additional 109 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Goosehead Insurance by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company’s stock valued at $2,371,000 after buying an additional 139 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Goosehead Insurance by 1.5% in the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company’s stock worth $1,444,000 after acquiring an additional 204 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Goosehead Insurance by 2.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company’s stock valued at $959,000 after acquiring an additional 210 shares in 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.