Goosehead Insurance (GSHD) – What Are Brokerages Saying About This Stock?

Shares of Goosehead Insurance (NASDAQ:GSHD) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $64.42.

A number of research firms have recently weighed in on GSHD. Citizens Jmp dropped their price target on shares of Goosehead Insurance from $100.00 to $80.00 and set a “market outperform” rating for the company in a research report on Monday, October 12th. UBS Group increased their price target on Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada raised their price objective on Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods dropped their price objective on Goosehead Insurance from $72.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, October 12th. Finally, Truist Financial dropped their price objective on Goosehead Insurance from $58.00 to $48.00 and set a “hold” rating for the company in a report on Tuesday, October 13th.

Goosehead Insurance Stock Up 2.7%

Shares of NASDAQ:GSHD opened at $47.57 on Friday. The company’s 50 day moving average price is $53.68 and its two-hundred day moving average price is $51.15. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $79.85. The firm has a market cap of $1.69 billion, a PE ratio of 34.72, a PEG ratio of 1.75 and a beta of 1.46.

Insider Transactions at Goosehead Insurance

In related news, major shareholder Adrienne Kebodeaux sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $70.00, for a total transaction of $490,000.00. Following the completion of the sale, the insider owned 273,027 shares of the company’s stock, valued at $19,111,890. This represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Durable Capital Partners Lp acquired 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average cost of $47.32 per share, with a total value of $7,098,000.00. Following the transaction, the insider directly owned 2,720,260 shares of the company’s stock, valued at $128,722,703.20. This trade represents a 5.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 129,481 shares of company stock valued at $8,524,304. 38.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds and other institutional investors have recently made changes to their positions in GSHD. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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. Versant Capital Management Inc raised its position in Goosehead Insurance by 471.9% during the second quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock valued at $37,000 after purchasing an additional 637 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Goosehead Insurance during the second quarter valued at approximately $48,000. Nykredit A S acquired a new position in Goosehead Insurance during the second quarter valued at approximately $50,000. Finally, GAMMA Investing LLC lifted its stake in Goosehead Insurance by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $54,000 after purchasing an additional 328 shares during the last quarter.

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.