Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $130.00

Goosehead Insurance (NASDAQ:GSHD) had its target price raised by Keefe, Bruyette & Woods from $125.00 to $130.00 in a report published on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

GSHD has been the subject of several other research reports. UBS Group boosted their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, March 7th. JMP Securities restated a “market outperform” rating and set a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday. Bank of America upped their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. Truist Financial restated a “hold” rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Goosehead Insurance presently has a consensus rating of “Hold” and an average price target of $113.70.

Goosehead Insurance Trading Up 6.8 %

Shares of GSHD stock opened at $99.54 on Thursday. Goosehead Insurance has a 52-week low of $54.80 and a 52-week high of $130.39. The business’s fifty day moving average is $113.44 and its 200 day moving average is $111.36. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $3.71 billion, a PE ratio of 138.25, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48.

Insiders Place Their Bets

In related news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance 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 transaction, the director now directly owns 339,008 shares of the company’s stock, valued at $41,138,620.80. The trade was a 37.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $16,290,838.41. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 308,812 shares of company stock valued at $37,392,258 in the last ninety days. Company insiders own 48.35% of the company’s stock.

Institutional Trading of Goosehead Insurance

Several large investors have recently modified their holdings of GSHD. KBC Group NV lifted its holdings in Goosehead Insurance by 20.7% in the 1st quarter. KBC Group NV now owns 1,101 shares of the company’s stock worth $130,000 after buying an additional 189 shares during the period. Bessemer Group Inc. raised 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 acquiring an additional 191 shares in the last quarter. Chicago Capital LLC lifted its stake in Goosehead Insurance by 73.0% in the first quarter. Chicago Capital LLC now owns 5,177 shares of the company’s stock worth $611,000 after acquiring an additional 2,184 shares during the period. Precision Wealth Strategies LLC boosted its holdings in Goosehead Insurance by 17.0% in the first quarter. Precision Wealth Strategies LLC now owns 5,531 shares of the company’s stock valued at $653,000 after acquiring an additional 805 shares in the last quarter. Finally, PFS Partners LLC increased its position in Goosehead Insurance by 5.4% during the 1st quarter. PFS Partners LLC now owns 24,536 shares of the company’s stock valued at $2,897,000 after purchasing an additional 1,268 shares during the period.

About Goosehead Insurance

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.