Goosehead Insurance (NASDAQ:GSHD) Hits New 1-Year Low – What’s Next?

Goosehead Insurance (NASDAQ:GSHD) hit a new 52-week low during trading on Tuesday . The stock traded as low as $59.91 and last traded at $60.17, with a volume of 296603 shares trading hands. The stock had previously closed at $61.84.

Analyst Upgrades and Downgrades

GSHD has been the topic of a number of analyst reports. Cantor Fitzgerald dropped their price target on Goosehead Insurance from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Wall Street Zen downgraded shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Jefferies Financial Group assumed coverage on shares of Goosehead Insurance in a report on Monday, December 1st. They set a “buy” rating and a $93.00 price target on the stock. JMP Securities decreased their price objective on shares of Goosehead Insurance from $150.00 to $140.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Citigroup reiterated a “market outperform” rating on shares of Goosehead Insurance in a research report on Friday, January 16th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and an average target price of $90.30.

Goosehead Insurance Stock Down 2.7%

The firm has a market capitalization of $2.22 billion, a PE ratio of 53.25, a price-to-earnings-growth ratio of 7.82 and a beta of 1.55. The business’s 50-day moving average price is $72.18 and its 200-day moving average price is $76.25.

Insider Buying and Selling at Goosehead Insurance

In related news, General Counsel John Terry O’connor purchased 2,100 shares of the stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average cost of $71.81 per share, for a total transaction of $150,801.00. Following the acquisition, the general counsel directly owned 3,100 shares in the company, valued at approximately $222,611. The trade was a 210.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Mcconnon sold 69,686 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $73.62, for a total value of $5,130,283.32. Following the sale, the director owned 269,322 shares of the company’s stock, valued at approximately $19,827,485.64. This represents a 20.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 37.76% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several large investors have recently made changes to their positions in GSHD. Pictet Asset Management Holding SA increased its holdings in Goosehead Insurance by 22.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,849 shares of the company’s stock worth $283,000 after buying an additional 697 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Goosehead Insurance by 4.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 11,332 shares of the company’s stock worth $835,000 after purchasing an additional 435 shares during the last quarter. UBS Group AG increased its stake in shares of Goosehead Insurance by 26.7% during the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock worth $11,491,000 after purchasing an additional 32,920 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Goosehead Insurance by 7.1% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 14,573 shares of the company’s stock valued at $1,073,000 after purchasing an additional 969 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Goosehead Insurance by 1,075.4% in the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after purchasing an additional 105,979 shares during the last quarter.

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.