Insider Buying: Goosehead Insurance (NASDAQ:GSHD) General Counsel Acquires $207,500.00 in Stock

Goosehead Insurance (NASDAQ:GSHD) General Counsel Martin Ellis Thornthwaite acquired 5,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the purchase, the general counsel owned 5,000 shares in the company, valued at approximately $207,500. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Goosehead Insurance Stock Up 0.1%

Shares of NASDAQ:GSHD opened at $41.37 on Thursday. The firm has a fifty day moving average of $43.08 and a two-hundred day moving average of $58.07. The firm has a market capitalization of $1.47 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.62. Goosehead Insurance has a 12-month low of $35.83 and a 12-month high of $113.00.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. Equities research analysts expect that Goosehead Insurance will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after buying an additional 269 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Goosehead Insurance in the 4th quarter worth approximately $41,000. Fifth Third Bancorp lifted its holdings in Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after purchasing an additional 284 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Goosehead Insurance by 614.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 860 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GSHD. Citizens Jmp decreased their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Cantor Fitzgerald reduced their price target on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods lifted their price target on Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. reduced their price target on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Truist Financial reduced their price target on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.45.

About Goosehead Insurance

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.