Goosehead Insurance Inc (NASDAQ:GSHD) reached a new 52-week high on Friday . The stock traded as high as $38.50 and last traded at $38.50, with a volume of 38990 shares traded. The stock had previously closed at $36.95.
GSHD has been the subject of several research reports. ValuEngine raised Goosehead Insurance from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Zacks Investment Research raised Goosehead Insurance from a “sell” rating to a “hold” rating and set a $37.00 price objective for the company in a research note on Tuesday, May 7th. Bank of America reissued a “buy” rating and set a $37.00 price objective (up from $35.00) on shares of Goosehead Insurance in a research note on Friday, May 3rd. Finally, Keefe, Bruyette & Woods set a $32.00 price objective on Goosehead Insurance and gave the stock a “hold” rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Goosehead Insurance currently has an average rating of “Buy” and a consensus target price of $31.50.
The stock has a market capitalization of $546.70 million and a P/E ratio of 200.00.
In related news, insider & Robyn Jones Descendants Mark sold 27,296 shares of Goosehead Insurance stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.57, for a total transaction of $834,438.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael C. Colby sold 20,000 shares of Goosehead Insurance stock in a transaction on Monday, February 25th. The shares were sold at an average price of $31.84, for a total value of $636,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 452,422 shares of company stock valued at $13,888,212. 67.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. Wasatch Advisors Inc. boosted its position in Goosehead Insurance by 20.7% during the first quarter. Wasatch Advisors Inc. now owns 1,564,556 shares of the company’s stock valued at $43,620,000 after purchasing an additional 268,202 shares during the last quarter. Hodges Capital Management Inc. boosted its position in Goosehead Insurance by 1,062.8% during the fourth quarter. Hodges Capital Management Inc. now owns 286,170 shares of the company’s stock valued at $7,523,000 after purchasing an additional 261,560 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in Goosehead Insurance during the fourth quarter valued at $6,089,000. Wells Fargo & Company MN boosted its position in Goosehead Insurance by 817.3% during the first quarter. Wells Fargo & Company MN now owns 141,286 shares of the company’s stock valued at $3,939,000 after purchasing an additional 125,884 shares during the last quarter. Finally, Spark Investment Management LLC boosted its position in Goosehead Insurance by 255.8% during the first quarter. Spark Investment Management LLC now owns 132,600 shares of the company’s stock valued at $3,696,000 after purchasing an additional 95,327 shares during the last quarter. 75.04% of the stock is owned by hedge funds and other institutional investors.
Goosehead Insurance Company Profile (NASDAQ:GSHD)
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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