Goosehead Insurance (NASDAQ:GSHD) CFO Acquires $173,650.00 in Stock

Goosehead Insurance (NASDAQ:GSHD) CFO John Arthur Martin acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of $34.73 per share, for a total transaction of $173,650.00. Following the acquisition, the chief financial officer owned 5,000 shares of the company’s stock, valued at approximately $173,650. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Goosehead Insurance Stock Down 2.4%

Shares of GSHD traded down $0.84 during trading hours on Friday, hitting $34.39. The company had a trading volume of 846,727 shares, compared to its average volume of 468,639. The firm has a market cap of $1.22 billion, a P/E ratio of 30.17, a P/E/G ratio of 1.30 and a beta of 1.62. The stock’s 50 day moving average price is $42.48 and its 200 day moving average price is $56.88. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $113.00.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.17. The company had revenue of $79.48 million for the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.Goosehead Insurance’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. On average, research analysts expect that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Institutional Trading of Goosehead Insurance

Several large investors have recently bought and sold shares of GSHD. AQR Capital Management LLC boosted its position in Goosehead Insurance by 85.7% during the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after acquiring an additional 1,999 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Goosehead Insurance by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after purchasing an additional 578 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after purchasing an additional 164,693 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Goosehead Insurance by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after purchasing an additional 3,218 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Goosehead Insurance by 28.2% in the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after purchasing an additional 2,461 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on GSHD shares. Royal Bank Of Canada raised their target price on Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 23rd. Piper Sandler cut their target price on Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday. UBS Group raised their target price on Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Truist Financial cut their target price on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. Finally, Weiss Ratings cut Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Seven equities 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.