Piper Sandler Maintains Overweight Rating for Goosehead Insurance: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of Goosehead Insurance GSHD and lower its price target from $120.00 to $75.00.

Shares of Goosehead Insurance are trading up 5.59% over the last 24 hours, at $55.66 per share.

A move to $75.00 would account for a 34.76% increase from the current share price.

About Goosehead Insurance

Goosehead Insurance Inc operates as an insurance agency. Its insurance products consist of homeowner's insurance; auto insurance; other personal lines products including flood, wind and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance (motorcycle, recreational vehicle and other insurance); commercial lines insurance (general liability, property, and auto insurance for small businesses); and life insurance. Its operating segments are the Corporate Channel and Franchise Channel. The majority of the company's revenue gets contributed by the Corporate Channel segment. It operates in Texas, California, Illinois, Florida, and other regions.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.