Goosehead Insurance (NASDAQ:GSHD) Upgraded to Hold at Wall Street Zen

Goosehead Insurance (NASDAQ:GSHD) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

GSHD has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. BMO Capital Markets cut their price objective on shares of Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating on the stock in a report on Tuesday, November 25th. UBS Group cut their target price on Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Jefferies Financial Group initiated coverage on shares of Goosehead Insurance in a report on Monday, December 1st. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Goosehead Insurance in a research report on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.30.

Goosehead Insurance Trading Up 3.4%

GSHD opened at $66.17 on Friday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 58.56, a PEG ratio of 8.10 and a beta of 1.54. The stock’s 50-day moving average price is $71.58 and its 200 day moving average price is $75.55. Goosehead Insurance has a 12-month low of $59.53 and a 12-month high of $127.99.

Insider Buying and Selling

In other Goosehead Insurance news, General Counsel John Terry O’connor bought 2,100 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was purchased at an average cost of $71.81 per share, for a total transaction of $150,801.00. Following the acquisition, the general counsel owned 3,100 shares of the company’s stock, valued at $222,611. The trade was a 210.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Miller acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were acquired at an average cost of $72.34 per share, with a total value of $361,700.00. Following the completion of the purchase, the chief executive officer owned 35,000 shares in the company, valued at approximately $2,531,900. This represents a 16.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

A number of large investors have recently made changes to their positions in GSHD. Wasatch Advisors LP boosted its stake in shares of Goosehead Insurance by 12.6% during the 2nd quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock worth $240,074,000 after purchasing an additional 253,777 shares during the last quarter. Durable Capital Partners LP grew its stake in shares of Goosehead Insurance by 126.5% during the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after buying an additional 861,374 shares during the period. State Street Corp grew its position in Goosehead Insurance by 1.4% during the second quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after acquiring an additional 14,311 shares during the period. DF Dent & Co. Inc. grew its holdings in shares of Goosehead Insurance by 2.0% during the 3rd quarter. DF Dent & Co. Inc. now owns 1,012,414 shares of the company’s stock worth $75,344,000 after purchasing an additional 20,085 shares during the period. Finally, Geode Capital Management LLC grew its stake in Goosehead Insurance by 25.4% during the second quarter. Geode Capital Management LLC now owns 705,284 shares of the company’s stock worth $74,422,000 after buying an additional 143,038 shares during the period.

Goosehead Insurance Company Profile

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.