Shares of Goosehead Insurance Inc (NASDAQ:GSHD) have been assigned an average rating of “Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $56.67.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. BidaskClub upgraded shares of Goosehead Insurance from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Royal Bank of Canada upped their price target on shares of Goosehead Insurance from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th.

In other Goosehead Insurance news, VP Patrick Ryan Langston sold 8,434 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $61.00, for a total value of $514,474.00. Following the completion of the transaction, the vice president now owns 45,571 shares of the company’s stock, valued at approximately $2,779,831. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Michael C. Colby sold 20,000 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $43.00, for a total transaction of $860,000.00. Following the sale, the chief operating officer now directly owns 747,024 shares of the company’s stock, valued at approximately $32,122,032. The disclosure for this sale can be found here. In the last three months, insiders sold 664,266 shares of company stock valued at $43,192,051. 63.43% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GSHD. Envestnet Asset Management Inc. increased its holdings in Goosehead Insurance by 114.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,875 shares of the company’s stock worth $968,000 after acquiring an additional 6,861 shares in the last quarter. Paragon Advisors LLC purchased a new stake in Goosehead Insurance in the 2nd quarter worth approximately $891,000. State Street Corp boosted its stake in Goosehead Insurance by 3.1% in the 1st quarter. State Street Corp now owns 237,111 shares of the company’s stock worth $10,582,000 after purchasing an additional 7,070 shares during the period. Fred Alger Management LLC boosted its stake in Goosehead Insurance by 23.6% in the 1st quarter. Fred Alger Management LLC now owns 212,089 shares of the company’s stock worth $9,466,000 after purchasing an additional 40,520 shares during the period. Finally, Townsquare Capital LLC boosted its stake in Goosehead Insurance by 54.2% in the 1st quarter. Townsquare Capital LLC now owns 10,050 shares of the company’s stock worth $577,000 after purchasing an additional 3,531 shares during the period. 42.04% of the stock is owned by hedge funds and other institutional investors.

Shares of GSHD stock traded up $2.18 during mid-day trading on Friday, reaching $81.91. 86,700 shares of the company’s stock traded hands, compared to its average volume of 194,697. Goosehead Insurance has a 12 month low of $37.26 and a 12 month high of $82.61. The company has a market cap of $2.90 billion, a P/E ratio of 372.34 and a beta of 0.80. The company’s 50-day moving average price is $68.69 and its 200-day moving average price is $54.02.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.04). The firm had revenue of $20.43 million during the quarter, compared to the consensus estimate of $20.16 million. Goosehead Insurance had a negative return on equity of 12.02% and a net margin of 4.25%. On average, sell-side analysts expect that Goosehead Insurance will post 0.33 EPS for the current year.

Goosehead Insurance Company Profile

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.

Recommended Story: Day Trading

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.