Goosehead Insurance (GSHD) – What Are Investment Firms Thinking About This Stock?

Goosehead Insurance (NASDAQ:GSHD) has been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $64.42.

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Goosehead Insurance from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. Piper Sandler downgraded shares of Goosehead Insurance from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $72.00 to $48.00 in a research note on Tuesday, October 6th. Royal Bank Of Canada boosted their target price on shares of Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $76.00 target price on shares of Goosehead Insurance in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. cut their price target on Goosehead Insurance from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st.

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Durable Capital Partners Lp bought 150,000 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were acquired at an average price of $47.32 per share, with a total value of $7,098,000.00. Following the transaction, the insider owned 2,720,260 shares of the company’s stock, valued at approximately $128,722,703.20. The trade was a 5.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $70.00, for a total value of $490,000.00. Following the sale, the insider owned 273,027 shares of the company’s stock, valued at approximately $19,111,890. The trade was a 2.50% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 129,481 shares of company stock valued at $8,524,304. 38.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. MassMutual Private Wealth & Trust FSB raised its stake in Goosehead Insurance by 484.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after acquiring an additional 426 shares in the last quarter. Covestor Ltd boosted its stake in Goosehead Insurance by 112.0% in the third quarter. Covestor Ltd now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 307 shares in the last quarter. Versant Capital Management Inc boosted its stake in Goosehead Insurance by 471.9% in the second quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock valued at $37,000 after acquiring an additional 637 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Goosehead Insurance during the second quarter worth about $48,000. Finally, Nykredit A S purchased a new position in shares of Goosehead Insurance during the second quarter worth about $50,000.

Goosehead Insurance Stock Up 0.1%

Shares of Goosehead Insurance stock opened at $47.60 on Friday. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $79.85. The company has a market capitalization of $1.69 billion, a P/E ratio of 34.74, a P/E/G ratio of 1.80 and a beta of 1.46. The company has a 50 day moving average of $53.22 and a 200 day moving average of $51.01.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc is an independent insurance agency that distributes personal and commercial insurance products through a network of corporate and franchise locations. The company uses technology and relationships with multiple insurance carriers to help customers compare coverage options and select policies suited to their needs.

Its offerings primarily include homeowners, automobile, renters, flood, umbrella and other personal insurance products, along with selected commercial insurance solutions.