JPMorgan Chase & Co. Has Lowered Expectations for Goosehead Insurance (NASDAQ:GSHD) Stock Price

Goosehead Insurance (NASDAQ:GSHD) had its price objective cut by analysts at JPMorgan Chase & Co. from $58.00 to $55.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 46.08% from the company’s previous close.

GSHD has been the subject of a number of other research reports. Weiss Ratings downgraded shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Cantor Fitzgerald decreased their price objective on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Bank of America decreased their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Royal Bank Of Canada upped their price objective on shares of Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.45.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $37.65 on Thursday. The company has a market capitalization of $1.34 billion, a PE ratio of 33.03, a P/E/G ratio of 1.35 and a beta of 1.62. The company has a fifty day moving average of $43.56 and a 200 day moving average of $58.78. Goosehead Insurance has a 1 year low of $35.83 and a 1 year high of $114.76.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. The business had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Research analysts expect that Goosehead Insurance will post 1.4 earnings per share for the current year.

Insider Activity

In related news, Director Louis Goldberg purchased 5,575 shares of Goosehead Insurance stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average price of $44.85 per share, for a total transaction of $250,038.75. Following the transaction, the director directly owned 5,575 shares in the company, valued at approximately $250,038.75. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 5,307 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $48.07, for a total transaction of $255,107.49. Following the transaction, the insider owned 7,214,193 shares of the company’s stock, valued at approximately $346,786,257.51. This trade represents a 0.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 10,576 shares of company stock valued at $494,568. Insiders own 38.07% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GSHD. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Goosehead Insurance during the 1st quarter valued at about $1,075,000. Public Employees Retirement System of Ohio grew its stake in Goosehead Insurance by 42.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 29,164 shares of the company’s stock valued at $1,244,000 after acquiring an additional 8,720 shares in the last quarter. Sei Investments Co. grew its stake in Goosehead Insurance by 9.4% during the 1st quarter. Sei Investments Co. now owns 163,452 shares of the company’s stock valued at $6,973,000 after acquiring an additional 14,051 shares in the last quarter. Walleye Capital LLC grew its stake in Goosehead Insurance by 64.7% during the 1st quarter. Walleye Capital LLC now owns 14,109 shares of the company’s stock valued at $602,000 after acquiring an additional 5,541 shares in the last quarter. Finally, Future Fund LLC grew its stake in Goosehead Insurance by 63.5% during the 1st quarter. Future Fund LLC now owns 32,673 shares of the company’s stock valued at $1,394,000 after acquiring an additional 12,687 shares in the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.