Goosehead Insurance (NASDAQ:GSHD) Receives Average Recommendation of “Hold” from Analysts

Shares of Goosehead Insurance (NASDAQ:GSHD) have been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $90.30.

GSHD has been the subject of a number of research reports. BMO Capital Markets dropped their price objective on Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating for the company in a research note on Tuesday, November 25th. Piper Sandler lowered their target price on Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Goosehead Insurance in a research report on Wednesday, January 28th. Zacks Research raised shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $48.69 on Tuesday. Goosehead Insurance has a 1-year low of $46.80 and a 1-year high of $127.99. The firm has a market cap of $1.79 billion, a PE ratio of 43.09, a price-to-earnings-growth ratio of 6.16 and a beta of 1.55. The company has a 50-day moving average of $68.66 and a two-hundred day moving average of $73.60.

Insider Buying and Selling at Goosehead Insurance

In related news, Director Thomas Mcconnon sold 69,686 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $73.62, for a total transaction of $5,130,283.32. Following the completion of the transaction, the director directly owned 269,322 shares of the company’s stock, valued at $19,827,485.64. The trade was a 20.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Miller purchased 5,000 shares of the business’s stock in a transaction on Friday, November 28th. The shares were bought at an average price of $72.34 per share, for a total transaction of $361,700.00. Following the acquisition, the chief executive officer owned 35,000 shares in the company, valued at $2,531,900. This trade represents a 16.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 37.76% 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 made changes to their positions in GSHD. Caxton Associates LLP purchased a new position in shares of Goosehead Insurance during the second quarter worth about $2,140,000. Panagora Asset Management Inc. purchased a new stake in shares of Goosehead Insurance in the 2nd quarter valued at about $1,948,000. 3G Capital Partners LP boosted its position in shares of Goosehead Insurance by 105.6% in the 2nd quarter. 3G Capital Partners LP now owns 462,500 shares of the company’s stock valued at $48,798,000 after purchasing an additional 237,500 shares during the period. Bank of New York Mellon Corp grew its stake in Goosehead Insurance by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 146,330 shares of the company’s stock worth $15,439,000 after buying an additional 5,363 shares during the last quarter. Finally, King Luther Capital Management Corp increased its position in Goosehead Insurance by 4.9% during the second quarter. King Luther Capital Management Corp now owns 124,544 shares of the company’s stock worth $13,141,000 after buying an additional 5,868 shares during the period.

About Goosehead Insurance

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.