Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $110.10 Average PT from Brokerages

Goosehead Insurance, Inc (NASDAQ:GSHD) has been given an average rating of “Hold” by the ten research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $113.70.

Several equities analysts have commented on GSHD shares. Bank of America upped their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. Piper Sandler dropped their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. UBS Group increased their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods upped their target price on Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $99.54 on Wednesday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance has a fifty-two week low of $54.80 and a fifty-two week high of $130.39. The company has a market cap of $3.71 billion, a P/E ratio of 138.25, a P/E/G ratio of 5.17 and a beta of 1.48. The business’s 50 day moving average price is $113.44 and its 200-day moving average price is $111.50.

Insider Transactions at Goosehead Insurance

In other news, Director Thomas Mcconnon sold 205,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $120.82, for a total transaction of $5,281,283.84. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $15,990,406.18. This represents a 24.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock worth $37,392,258 over the last quarter. 48.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its stake in Goosehead Insurance by 192.9% in the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. R Squared Ltd acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance during the third quarter worth about $63,000. Kestra Investment Management LLC purchased a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $63,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after buying an additional 509 shares during the period.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.