Goosehead Insurance (NASDAQ:GSHD) Shares Down 7.2% - Should You Sell?

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report)'s share price traded down 7.2% during trading on Monday . The company traded as low as $100.82 and last traded at $99.39. 26,271 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 275,513 shares. The stock had previously closed at $107.05.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JMP Securities reissued a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research note on Thursday. Piper Sandler dropped their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research report on Thursday. Truist Financial reaffirmed a "hold" rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $113.70.

Goosehead Insurance Stock Performance

The company has a 50 day moving average of $113.44 and a two-hundred day moving average of $111.21. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $3.71 billion, a PE ratio of 138.25, a PEG ratio of 5.17 and a beta of 1.48.

Insider Activity

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the sale, the director now owns 339,008 shares in the company, valued at approximately $41,138,620.80. This represents a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of Goosehead Insurance stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $120.82, for a total transaction of $5,281,283.84. Following the transaction, the insider now owns 132,349 shares of the company's stock, valued at $15,990,406.18. The trade was a 24.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 308,812 shares of company stock worth $37,392,258. Corporate insiders own 48.35% of the company's stock.

Institutional Trading of Goosehead Insurance

Several institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in shares of Goosehead Insurance by 192.9% during the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after buying an additional 191 shares during the last quarter. R Squared Ltd bought a new position in shares of Goosehead Insurance during the fourth quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Goosehead Insurance during the third quarter valued at $63,000. Kestra Investment Management LLC bought a new stake in Goosehead Insurance in the 4th quarter worth about $63,000. Finally, Smartleaf Asset Management LLC raised its position in Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after buying an additional 509 shares during the last quarter.

Goosehead Insurance Company Profile

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.