Louis Goldberg Purchases 5,575 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) Director Louis Goldberg acquired 5,575 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average price of $44.85 per share, with a total value of $250,038.75. Following the completion of the transaction, the director owned 5,575 shares of the company’s stock, valued at $250,038.75. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Goosehead Insurance Price Performance

NASDAQ:GSHD opened at $53.96 on Friday. The company’s 50-day moving average is $64.49 and its two-hundred day moving average is $71.63. Goosehead Insurance has a 1-year low of $42.87 and a 1-year high of $127.99. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 51.89, a PEG ratio of 3.61 and a beta of 1.54.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The business had revenue of $78.20 million during the quarter, compared to the consensus estimate of $99.67 million. During the same quarter last year, the firm earned $0.79 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GSHD has been the topic of several recent analyst reports. Citizens Jmp decreased their price target on Goosehead Insurance from $140.00 to $125.00 and set a “market outperform” rating on the stock in a research note on Wednesday, February 18th. Keefe, Bruyette & Woods decreased their target price on shares of Goosehead Insurance from $95.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. UBS Group lowered their target price on shares of Goosehead Insurance from $121.00 to $90.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Goosehead Insurance from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Goosehead Insurance has a consensus rating of “Moderate Buy” and an average price target of $80.78.

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds have recently added to or reduced their stakes in GSHD. Caxton Associates LLP acquired a new position in Goosehead Insurance during the 2nd quarter worth approximately $2,140,000. Panagora Asset Management Inc. acquired a new stake in shares of Goosehead Insurance in the 2nd quarter valued at $1,948,000. 3G Capital Partners LP lifted its position in shares of Goosehead Insurance by 105.6% during the 2nd quarter. 3G Capital Partners LP now owns 462,500 shares of the company’s stock worth $48,798,000 after purchasing an additional 237,500 shares during the last quarter. King Luther Capital Management Corp grew its stake in shares of Goosehead Insurance by 4.9% during the second quarter. King Luther Capital Management Corp now owns 124,544 shares of the company’s stock worth $13,141,000 after purchasing an additional 5,868 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Goosehead Insurance by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 146,330 shares of the company’s stock worth $15,439,000 after purchasing an additional 5,363 shares in the last quarter.

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.