Insider Buying: Goosehead Insurance (NASDAQ:GSHD) CFO Buys 5,000 Shares of Stock

Goosehead Insurance (NASDAQ:GSHD) CFO John Arthur Martin acquired 5,000 shares of Goosehead Insurance stock in a transaction on Thursday, May 28th. The shares were purchased at an average cost of $34.73 per share, with a total value of $173,650.00. Following the completion of the acquisition, the chief financial officer owned 5,000 shares of the company’s stock, valued at $173,650. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Goosehead Insurance Stock Performance

NASDAQ GSHD traded down $0.84 on Friday, hitting $34.39. 846,727 shares of the stock traded hands, compared to its average volume of 468,639. The business’s fifty day moving average is $42.48 and its two-hundred day moving average is $56.88. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $113.00. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.30 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The business had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. During the same period in the prior year, the company earned $0.26 earnings per share. Goosehead Insurance’s revenue was up 23.1% compared to the same quarter last year. Analysts expect that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Goosehead Insurance

Large investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its position in Goosehead Insurance by 32.3% during the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock valued at $97,786,000 after purchasing an additional 559,087 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Goosehead Insurance by 38.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after purchasing an additional 556,293 shares in the last quarter. Durable Capital Partners LP raised its position in Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after purchasing an additional 861,374 shares in the last quarter. DF Dent & Co. Inc. raised its position in Goosehead Insurance by 3.2% during the fourth quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock valued at $76,939,000 after purchasing an additional 32,246 shares in the last quarter. Finally, State Street Corp raised its position in Goosehead Insurance by 1.4% during the second quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after purchasing an additional 14,311 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GSHD shares. Cantor Fitzgerald reduced their price objective on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Weiss Ratings lowered Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Truist Financial cut 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. UBS Group raised their price target on Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Bank of America cut their price target on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.73.

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.