Goosehead Insurance (NASDAQ:GSHD) Director Louis Goldberg Buys 5,575 Shares

Goosehead Insurance (NASDAQ:GSHD) Director Louis Goldberg bought 5,575 shares of Goosehead Insurance stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $44.85 per share, for a total transaction of $250,038.75. Following the purchase, the director owned 5,575 shares of the company’s stock, valued at $250,038.75. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Goosehead Insurance Stock Performance

GSHD traded up $1.46 during midday trading on Thursday, hitting $52.60. The stock had a trading volume of 187,788 shares, compared to its average volume of 486,101. The business has a fifty day moving average of $64.86 and a 200 day moving average of $71.76. Goosehead Insurance has a 1 year low of $42.87 and a 1 year high of $127.99. The company has a market cap of $1.94 billion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 3.37 and a beta of 1.54.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. 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 report on Wednesday, February 18th. Piper Sandler upgraded Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 target price for the company in a research note on Wednesday, February 18th. Zacks Research raised Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Truist Financial reduced their target price on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Goosehead Insurance in a report on Wednesday, January 28th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.78.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GSHD. T. Rowe Price Investment Management Inc. lifted its stake in shares of Goosehead Insurance by 38.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after purchasing an additional 556,293 shares during the period. Voloridge Investment Management LLC increased its stake in shares of Goosehead Insurance by 21.4% in the 4th quarter. Voloridge Investment Management LLC now owns 40,304 shares of the company’s stock worth $2,968,000 after purchasing an additional 7,100 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Goosehead Insurance during the fourth quarter valued at about $4,409,000. Odyssean LLC bought a new position in shares of Goosehead Insurance in the fourth quarter worth about $728,000. Finally, Millennium Management LLC raised its stake in Goosehead Insurance by 29.5% during the 4th quarter. Millennium Management LLC now owns 126,485 shares of the company’s stock worth $9,316,000 after acquiring an additional 28,803 shares during the period.

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.