Goosehead Insurance (NASDAQ:GSHD) General Counsel Martin Ellis Thornthwaite Acquires 5,000 Shares

Goosehead Insurance (NASDAQ:GSHD) General Counsel Martin Ellis Thornthwaite acquired 5,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the completion of the acquisition, the general counsel owned 5,000 shares in the company, valued at approximately $207,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Goosehead Insurance Stock Up 11.9%

Shares of GSHD traded up $4.49 during trading hours on Monday, hitting $42.14. 511,817 shares of the company were exchanged, compared to its average volume of 410,614. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of 1.38 and a beta of 1.62. Goosehead Insurance has a fifty-two week low of $35.83 and a fifty-two week high of $114.76. The firm’s fifty day moving average is $43.38 and its 200 day moving average is $58.45.

Goosehead Insurance (NASDAQ:GSHD) last released 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 analyst estimates 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 in the prior year, the firm posted $0.26 EPS. Analysts anticipate that Goosehead Insurance will post 1.4 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on GSHD shares. UBS Group increased their target price on Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings lowered Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Cantor Fitzgerald reduced their price objective on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada raised their price objective on Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a research note on Thursday, April 23rd. Finally, Truist Financial reduced their price objective 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. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and a consensus target price of $67.45.

Institutional Trading of Goosehead Insurance

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

About Goosehead Insurance

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.