One of GooseHead Insurance’s (NASDAQ:GSHD) Directors, Thomas McConnon, bought 153,537 shares of the company on February 27 and February 28 for a total transaction value of $6.97 million. GSHD stock gained about 2% in yesterday’s extended trade, following the release of the SEC filing.
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Based in Texas, Goosehead is a property and casualty insurance agency with more than 2,100 franchises across the country.
The total value of GSHD stock in McConnon’s portfolio currently stands at $23.8 million. Overall, corporate insiders have bought GSHD stock worth $4.4 million over the last three months.
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What is the Price Target for GSHD Stock?
Currently, Wall Street is cautiously optimistic about GSHD stock. It has a Moderate Buy consensus rating based on four Buy, two Hold, and one Sell recommendations. The average stock price target of $57.29 implies an upside potential of 20.3%.
