Goosehead Insurance (GSHD) Given a $32.00 Price Target at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods set a $32.00 target price on Goosehead Insurance (NASDAQ:GSHD) in a research report report published on Tuesday. The brokerage currently has a hold rating on the stock.

Separately, Zacks Investment Research cut shares of Goosehead Insurance from a hold rating to a sell rating in a research note on Thursday, January 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Goosehead Insurance currently has a consensus rating of Buy and a consensus target price of $26.00.

Shares of NASDAQ GSHD opened at $29.00 on Tuesday. Goosehead Insurance has a 52-week low of $10.78 and a 52-week high of $38.18. The firm has a market cap of $398.32 million and a PE ratio of 145.00.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Goosehead Insurance had a negative net margin of 8.54% and a negative return on equity of 23.68%. The company had revenue of $14.72 million for the quarter, compared to analysts’ expectations of $15.30 million. As a group, sell-side analysts predict that Goosehead Insurance will post 0.39 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, March 15th.

In other news, insider & Robyn Jones Descendants Mark sold 8,364 shares of the business’s stock in a transaction on Friday, January 4th. The shares were sold at an average price of $27.01, for a total transaction of $225,911.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark S. Colby sold 1,032 shares of the business’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $27.18, for a total transaction of $28,049.76. The disclosure for this sale can be found here. Insiders have sold a total of 410,972 shares of company stock valued at $11,549,696 over the last three months.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at $209,000. MetLife Investment Advisors LLC acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at $255,000. Northern Trust Corp acquired a new position in shares of Goosehead Insurance during the 2nd quarter valued at $2,772,000. BlackRock Inc. lifted its holdings in shares of Goosehead Insurance by 3.1% during the 3rd quarter. BlackRock Inc. now owns 527,744 shares of the company’s stock valued at $17,875,000 after acquiring an additional 16,098 shares in the last quarter. Finally, Advisory Research Inc. acquired a new position in shares of Goosehead Insurance during the 3rd quarter valued at $1,468,000. 82.16% of the stock is owned by institutional investors.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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