Goosehead Insurance (NASDAQ:GSHD) Receives $90.30 Consensus Target Price from Brokerages

Shares of Goosehead Insurance (NASDAQ:GSHD) have been given an average rating of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $90.30.

GSHD has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Jefferies Financial Group initiated coverage on Goosehead Insurance in a research report on Monday, December 1st. They issued a “buy” rating and a $93.00 target price for the company. Piper Sandler dropped their price target on Goosehead Insurance from $79.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. BMO Capital Markets reduced their price objective on Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating for the company in a research note on Tuesday, November 25th. Finally, Zacks Research upgraded Goosehead Insurance from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th.

Insiders Place Their Bets

In other Goosehead Insurance news, CEO Mark Miller acquired 5,000 shares of the company’s stock in a transaction on Friday, November 28th. The shares were purchased at an average cost of $72.34 per share, with a total value of $361,700.00. Following the completion of the purchase, the chief executive officer owned 35,000 shares of the company’s stock, valued at approximately $2,531,900. This represents a 16.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel John Terry O’connor bought 2,100 shares of the firm’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 transaction, the general counsel owned 3,100 shares of the company’s stock, valued at $222,611. This represents a 210.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 37.76% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Goosehead Insurance by 480.4% during the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after buying an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after acquiring an additional 393 shares during the last quarter. CWM LLC grew its stake in shares of Goosehead Insurance by 73.8% in the 2nd quarter. CWM LLC now owns 471 shares of the company’s stock worth $50,000 after acquiring an additional 200 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after purchasing an additional 284 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Goosehead Insurance by 52.3% in the third quarter. Covestor Ltd now owns 1,177 shares of the company’s stock valued at $88,000 after purchasing an additional 404 shares during the last quarter.

Goosehead Insurance Stock Down 6.9%

NASDAQ:GSHD opened at $63.58 on Friday. Goosehead Insurance has a twelve month low of $62.81 and a twelve month high of $127.99. The company has a fifty day moving average of $72.82 and a 200-day moving average of $77.30. The firm has a market capitalization of $2.34 billion, a P/E ratio of 56.27, a P/E/G ratio of 8.64 and a beta of 1.53.

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.