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

Wall Street Zen upgraded shares of Goosehead Insurance (NASDAQ:GSHD) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other analysts have also weighed in on GSHD. JMP Securities reduced their price target 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. Keefe, Bruyette & Woods cut their target price on Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Piper Sandler lowered their price target on Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Cantor Fitzgerald dropped their price objective 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. Finally, Zacks Research raised Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued 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 Performance

Shares of GSHD stock opened at $57.45 on Friday. Goosehead Insurance has a 1 year low of $57.35 and a 1 year high of $127.99. The firm has a market capitalization of $2.12 billion, a PE ratio of 50.84, a price-to-earnings-growth ratio of 8.37 and a beta of 1.55. The stock has a fifty day moving average of $71.22 and a two-hundred day moving average of $74.95.

Insider Buying and Selling

In other Goosehead Insurance news, Director Thomas Mcconnon sold 69,686 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $73.62, for a total transaction of $5,130,283.32. Following the transaction, the director directly owned 269,322 shares of the company’s stock, valued at $19,827,485.64. This represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel John Terry O’connor acquired 2,100 shares of the stock in a transaction dated Wednesday, November 26th. The shares were bought 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 in the company, valued at $222,611. The trade was a 210.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 37.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Goosehead Insurance

Several large investors have recently made changes to their positions in GSHD. King Luther Capital Management Corp increased its position in Goosehead Insurance by 13.6% in the 4th quarter. King Luther Capital Management Corp now owns 139,973 shares of the company’s stock worth $10,309,000 after buying an additional 16,751 shares during the period. New Age Alpha Advisors LLC increased its position in shares of Goosehead Insurance by 1,185.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 16,236 shares of the company’s stock valued at $1,196,000 after purchasing an additional 14,973 shares during the period. Leonteq Securities AG acquired a new position in shares of Goosehead Insurance in the fourth quarter valued at $83,000. Covestor Ltd lifted its position in Goosehead Insurance by 51.7% in the fourth quarter. Covestor Ltd now owns 1,785 shares of the company’s stock worth $132,000 after purchasing an additional 608 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in Goosehead Insurance by 320.5% during the fourth quarter. GSA Capital Partners LLP now owns 12,993 shares of the company’s stock worth $957,000 after buying an additional 9,903 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.