Goosehead Insurance (NASDAQ:GSHD) Upgraded to Hold 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 report report published on Saturday.

GSHD has been the subject of a number of other reports. JMP Securities dropped 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. Jefferies Financial Group started coverage on Goosehead Insurance in a research report on Monday, December 1st. They set a “buy” rating and a $93.00 price target for the company. BMO Capital Markets reduced their price objective on Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Goosehead Insurance in a research note on Wednesday, January 28th. Finally, Cantor Fitzgerald cut their target price on shares of Goosehead Insurance from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and an average price target of $90.30.

Goosehead Insurance Stock Up 3.4%

NASDAQ:GSHD opened at $66.17 on Friday. Goosehead Insurance has a 52-week low of $59.53 and a 52-week high of $127.99. The stock has a fifty day simple moving average of $71.58 and a 200-day simple moving average of $75.37. The company has a market capitalization of $2.44 billion, a PE ratio of 58.56, a price-to-earnings-growth ratio of 8.37 and a beta of 1.54.

Insider Transactions at Goosehead Insurance

In other news, CEO Mark Miller bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were acquired at an average cost of $72.34 per share, with a total value of $361,700.00. Following the transaction, the chief executive officer owned 35,000 shares of the company’s stock, valued at $2,531,900. This represents a 16.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel John Terry O’connor purchased 2,100 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average price of $71.81 per share, with a total value of $150,801.00. Following the completion of the purchase, the general counsel directly owned 3,100 shares of the company’s stock, valued at $222,611. The trade was a 210.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 48.35% of the company’s stock.

Institutional Investors Weigh In On Goosehead Insurance

Several institutional investors have recently bought and sold shares of the business. Leonteq Securities AG purchased a new position in shares of Goosehead Insurance in the 4th quarter valued at $83,000. Covestor Ltd raised its position in Goosehead Insurance by 51.7% in the fourth quarter. Covestor Ltd now owns 1,785 shares of the company’s stock valued at $132,000 after purchasing an additional 608 shares during the period. GSA Capital Partners LLP lifted its stake in shares of 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 purchasing an additional 9,903 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Goosehead Insurance by 43,893.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock worth $4,795,000 after buying an additional 64,963 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in shares of Goosehead Insurance by 22.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,849 shares of the company’s stock valued at $283,000 after buying an additional 697 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.