Goosehead Insurance (NASDAQ:GSHD – Get Free Report) major shareholder Adrienne Kebodeaux sold 7,000 shares of Goosehead Insurance stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $70.00, for a total value of $490,000.00. Following the transaction, the insider owned 273,027 shares of the company’s stock, valued at $19,111,890. This trade represents a 2.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Adrienne Kebodeaux also recently made the following trade(s):
- On Tuesday, July 28th, Adrienne Kebodeaux sold 5,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $65.20, for a total transaction of $326,000.00.
Goosehead Insurance Stock Up 0.7%
Goosehead Insurance stock traded up $0.48 during midday trading on Monday, hitting $73.00. 334,117 shares of the stock were exchanged, compared to its average volume of 499,443. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 53.28, a price-to-earnings-growth ratio of 2.60 and a beta of 1.38. The business’s 50-day moving average price is $55.84 and its 200-day moving average price is $48.56. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $89.24.
Hedge Funds Weigh In On Goosehead Insurance
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP raised its holdings in Goosehead Insurance by 32.3% in the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after purchasing an additional 559,087 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Goosehead Insurance by 38.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after buying an additional 556,293 shares during the period. Durable Capital Partners LP increased its position in shares of Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after buying an additional 861,374 shares during the period. California State Teachers Retirement System boosted its position in Goosehead Insurance by 3,350.6% during the 2nd quarter. California State Teachers Retirement System now owns 1,219,824 shares of the company’s stock valued at $59,161,000 after acquiring an additional 1,184,473 shares in the last quarter. Finally, DF Dent & Co. Inc. boosted its position in Goosehead Insurance by 3.2% during the 4th quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock valued at $76,939,000 after acquiring an additional 32,246 shares in the last quarter.
Analysts Set New Price Targets
A number of research firms recently weighed in on GSHD. Keefe, Bruyette & Woods decreased their target price on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $76.00 target price on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Royal Bank Of Canada boosted their target price on Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. UBS Group increased their target price on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Weiss Ratings raised Goosehead Insurance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.45.
Check Out Our Latest Stock Analysis on GSHD
Goosehead Insurance Company Profile
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.
See Also
- Five stocks we like better than Goosehead Insurance
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.
