UBS Group Issues Positive Forecast for Goosehead Insurance (NASDAQ:GSHD) Stock Price

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its price target raised by investment analysts at UBS Group from $120.00 to $145.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 23.68% from the stock's previous close.

A number of other analysts have also issued reports on the company. Truist Financial reiterated a "hold" rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. BMO Capital Markets boosted their price objective on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Goosehead Insurance from $110.00 to $127.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Finally, TD Cowen boosted their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of "Hold" and an average target price of $109.10.

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Goosehead Insurance Trading Down 0.1 %

Shares of NASDAQ GSHD traded down $0.08 during trading hours on Friday, reaching $117.24. The stock had a trading volume of 140,047 shares, compared to its average volume of 268,494. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 162.84, a P/E/G ratio of 5.17 and a beta of 1.49. The business's fifty day moving average price is $110.22 and its two-hundred day moving average price is $104.95. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $130.39.

Insider Transactions at Goosehead Insurance

In related news, Chairman Mark Evan Jones sold 40,000 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.04, for a total value of $4,761,600.00. Following the transaction, the chairman now directly owns 38,951 shares of the company's stock, valued at $4,636,727.04. This represents a 50.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Mcconnon sold 205,000 shares of the company's stock in a transaction on 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 completion of the transaction, the director now directly owns 339,008 shares in the company, valued at approximately $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 264,600 shares of company stock valued at $32,050,914. Corporate insiders own 38.03% of the company's stock.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds have recently made changes to their positions in GSHD. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at $55,326,000. American Century Companies Inc. increased its position in shares of Goosehead Insurance by 51.4% in the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock valued at $69,597,000 after acquiring an additional 220,267 shares during the period. State Street Corp boosted its holdings in Goosehead Insurance by 21.2% in the third quarter. State Street Corp now owns 1,059,298 shares of the company's stock valued at $94,595,000 after purchasing an additional 185,037 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Goosehead Insurance by 5.6% in the third quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company's stock valued at $233,872,000 after purchasing an additional 138,571 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Goosehead Insurance by 89.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after purchasing an additional 96,309 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.