Goosehead Insurance (NASDAQ:GSHD) Price Target Cut to $60.00 by Truist Financial Analysts

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Chicken head insurance (NASDAQ: GSHDGet a rating) saw its target price lowered by analysts at Truist Financial from $75.00 to $60.00 in a research report released Wednesday to clients and investors, Fly reports. Truist Financial’s target price indicates a potential upside of 13.83% from the company’s current price.

GSHD has been the subject of a number of other research reports. Piper Sandler cut her price target on Goosehead Insurance from $120.00 to $75.00 in a research report Wednesday. William Blair rephrased an “outperform” rating on Goosehead Insurance shares in a Monday, Jan. 24, research report. JMP Securities cut its price target on Goosehead Insurance from $170.00 to $160.00 and gave the stock a “market outperformance” rating in a Friday, Jan. 14 research note. Zacks Investment Research upgraded Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada reduced its price target on Goosehead Insurance from $150.00 to $140.00 in a Thursday, February 24 research note. Two investment analysts have assigned the stock a sell rating, two have issued a hold rating and five have assigned the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $129.29.

Shares of Hen’s head insurance action opened at $52.71 on Wednesday. The company has a market capitalization of $1.95 billion, a PE ratio of 210.84 and a beta of 0.67. The company has a 50-day simple moving average of $73.36 and a two-hundred-day simple moving average of $107.98. Goosehead Insurance has a one-year minimum of $52.01 and a one-year maximum of $181.30.

Chicken head insurance (NASDAQ: GSHDGet a rating) last reported results on Tuesday, April 26. The company reported EPS of $0.04 for the quarter, beating the Zacks consensus estimate of ($0.02) by $0.06. Goosehead Insurance had a negative return on equity of 10.36% and a net margin of 3.57%. During the same period last year, the company achieved EPS of ($0.02). On average, equity research analysts expect Goosehead Insurance to post EPS of 0.54 for the current year.

In other news from Goosehead Insurance, major shareholder and Robyn Jones Descendants Mark sold 38,246 shares of the company in a trade on Thursday, March 31. The stock was sold at an average price of $82.95, for a total value of $3,172,505.70. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company, valued at approximately $10,978,349.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Insiders hold 48.35% of the shares of the company.

Institutional investors have recently changed their positions in the stock. American Century Companies Inc. increased its position in Goosehead Insurance shares by 16.0% during the fourth quarter. American Century Companies Inc. now owns 262,643 shares of the company worth $34,164,000 after purchasing an additional 36,228 shares in the last quarter. Polen Capital Management LLC increased its stake in Goosehead Insurance by 8.5% during the third quarter. Polen Capital Management LLC now owns 158,994 shares of the company worth $24,213,000 after acquiring an additional 12,513 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Goosehead Insurance during the third quarter worth approximately $354,000. Oppenheimer Asset Management Inc. increased its stake in Goosehead Insurance by 53.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 23,350 shares of the company worth $3,037,000 after acquiring 8,174 additional shares during the period. Finally, Liontrust Investment Partners LLP acquired a new stake in Goosehead Insurance during the third quarter at a value of approximately $838,000. 99.18% of the shares are held by hedge funds and other institutional investors.

About Hen’s Head Insurance (Get a rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC which provides personal lines insurance agency services in the United States. The Company operates in two segments, Corporate Channel and Franchise Channel. It offers products and services in home insurance, auto insurance, home insurance, flood, wind, earthquake, excess or umbrella liability, motorcycle, recreational vehicle, general liability, property and life.

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