Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Average Rating of “Hold” from Brokerages

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have earned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $110.10.

GSHD has been the subject of a number of research analyst reports. Bank of America boosted their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th. Piper Sandler decreased their target price on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $110.00 to $127.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Finally, Truist Financial restated a “hold” rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $103.22 on Wednesday. The firm has a market cap of $3.85 billion, a P/E ratio of 143.36, a PEG ratio of 5.17 and a beta of 1.48. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a 50 day moving average of $114.42 and a 200 day moving average of $111.13.

Insider Activity at Goosehead Insurance

In related news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction on Friday, February 28th. The shares were sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the transaction, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. The trade was a 37.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the business’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $118.02 per share, with a total value of $119,200.20. Following the purchase, the chief financial officer now directly owns 2,342 shares in the company, valued at $276,402.84. This represents a 75.83 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 308,812 shares of company stock worth $37,392,258. 48.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds have recently made changes to their positions in the business. Whitebark Investors LP bought a new stake in Goosehead Insurance during the 4th quarter valued at approximately $55,326,000. American Century Companies Inc. grew its holdings in Goosehead Insurance by 51.4% during the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock valued at $69,597,000 after buying an additional 220,267 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Goosehead Insurance by 89.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock valued at $21,870,000 after buying an additional 96,309 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Goosehead Insurance by 312.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company’s stock worth $11,754,000 after buying an additional 83,028 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Goosehead Insurance during the fourth quarter worth $8,737,000.

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.