Goosehead Insurance (NASDAQ:GSHD) Given Average Rating of “Hold” by Brokerages

Goosehead Insurance (NASDAQ:GSHD) has been given an average rating of “Hold” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $90.30.

A number of equities analysts recently issued reports on the company. UBS Group lowered their price target on Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Monday, October 27th. Wall Street Zen raised Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. BMO Capital Markets dropped their target price on Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating on the stock in a report on Tuesday, November 25th. Zacks Research raised Goosehead Insurance from a “strong sell” rating to a “hold” rating in a 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 on the stock in a research report on Wednesday, January 7th.

Goosehead Insurance Price Performance

GSHD stock opened at $48.69 on Tuesday. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 43.09, a price-to-earnings-growth ratio of 6.16 and a beta of 1.55. The company has a fifty day moving average price of $68.66 and a 200 day moving average price of $73.60. Goosehead Insurance has a 12 month low of $46.80 and a 12 month high of $127.99.

Insider Activity

In other Goosehead Insurance news, CEO Mark Miller bought 5,000 shares of the company’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 transaction, the chief executive officer owned 35,000 shares of the company’s stock, valued at approximately $2,531,900. This trade represents a 16.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel John Terry O’connor bought 2,100 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average cost of $71.81 per share, with a total value of $150,801.00. Following the completion of the purchase, the general counsel owned 3,100 shares in the company, valued at approximately $222,611. This represents a 210.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 37.76% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GSHD. AQR Capital Management LLC boosted its position in shares of Goosehead Insurance by 85.7% during the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock worth $511,000 after purchasing an additional 1,999 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Goosehead Insurance by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock valued at $1,578,000 after purchasing an additional 578 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after buying an additional 164,693 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Goosehead Insurance by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after buying an additional 3,218 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Goosehead Insurance by 28.2% in the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after buying an additional 2,461 shares in the last quarter.

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.