Goosehead Insurance (NASDAQ:GSHD) CFO John Arthur Martin Acquires 5,000 Shares

Goosehead Insurance (NASDAQ:GSHD) CFO John Arthur Martin purchased 5,000 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average cost of $34.73 per share, with a total value of $173,650.00. Following the completion of the transaction, the chief financial officer owned 5,000 shares of the company’s stock, valued at $173,650. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Goosehead Insurance Price Performance

Shares of GSHD opened at $34.39 on Friday. The stock has a market cap of $1.22 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 1.22 and a beta of 1.62. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $113.00. The firm has a fifty day moving average price of $42.27 and a 200 day moving average price of $56.73.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million for 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%. Goosehead Insurance’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, equities analysts expect that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Goosehead Insurance by 480.4% during the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter worth about $41,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Goosehead Insurance by 802.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after acquiring an additional 393 shares during the period. Fifth Third Bancorp increased its stake in shares of Goosehead Insurance by 71.4% during the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after acquiring an additional 284 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Goosehead Insurance by 614.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $74,000 after acquiring an additional 860 shares during the period.

Analyst Ratings Changes

A number of research analysts have commented on GSHD shares. Weiss Ratings lowered shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Piper Sandler dropped their price objective on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday. Cantor Fitzgerald dropped their price objective on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. BMO Capital Markets dropped their price objective 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, Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.