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The Attractiveness of Investing In Goosehead Insurance Inc (GSHD) is Growing

Goosehead Insurance Inc’s recent filing unveils that its President and COO Miller Mark acquired Company’s shares for reported $0.58 million on Apr 29 ’24. In the deal valued at $58.06 per share,10,000 shares were bought. As a result of this transaction, Miller Mark now holds 30,000 shares worth roughly $1.83 million.

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Then, Mark & Robyn Jones Descendants sold 50,000 shares, generating $3,793,343 in total proceeds. Upon selling the shares at $75.87, the Member of 10% owner group now owns 0 shares.

Before that, Cruzado Waded bought 250 shares. Goosehead Insurance Inc shares valued at $18,775 were divested by the Director at a price of $75.10 per share. As a result of the transaction, Cruzado Waded now holds 343 shares, worth roughly $20878.41.

TD Cowen initiated its Goosehead Insurance Inc [GSHD] rating to an Outperform in a research note published on January 10, 2024; the price target was $105. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. BMO Capital Markets also remained covering GSHD and has increased its forecast on September 20, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. Credit Suisse started covering the stock on February 06, 2023. It rated GSHD as “an Outperform”.

Price Performance Review of GSHD

On Tuesday, Goosehead Insurance Inc [NASDAQ:GSHD] saw its stock jump 0.88% to $60.87. Over the last five days, the stock has lost -0.23%. Goosehead Insurance Inc shares have fallen nearly -19.70% since the year began. Nevertheless, the stocks have risen 3.64% over the past one year. While a 52-week high of $92.76 was reached on 02/15/24, a 52-week low of $50.47 was recorded on 04/25/24. SMA at 50 days reached $64.57, while 200 days put it at $70.56. A total of 0.34 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For GSHD Stock

The 24-hour chart illustrates a support level at 60.30, which if violated will result in even more drops to 59.74. On the upside, there is a resistance level at 61.87. A further resistance level may holdings at 62.88. The Relative Strength Index (RSI) on the 14-day chart is 50.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.65%. Stochastics %K at 82.62% indicates the stock is a selling.

The most recent change occurred on January 20, 2023 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $39 price target.

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