John Terry O’connor Acquires 2,100 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) General Counsel John Terry O’connor bought 2,100 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average price of $71.81 per share, for a total transaction of $150,801.00. Following the completion of the acquisition, the general counsel owned 3,100 shares of the company’s stock, valued at $222,611. The trade was a 210.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Goosehead Insurance Trading Down 0.3%

Shares of GSHD traded down $0.20 during midday trading on Friday, reaching $71.55. The stock had a trading volume of 98,278 shares, compared to its average volume of 309,618. The firm has a 50 day simple moving average of $70.45 and a 200-day simple moving average of $87.29. Goosehead Insurance has a one year low of $64.40 and a one year high of $128.00. The firm has a market cap of $2.64 billion, a PE ratio of 63.32, a P/E/G ratio of 11.71 and a beta of 1.42.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). Goosehead Insurance had a net margin of 8.55% and a negative return on equity of 34.60%. The firm had revenue of $90.44 million during the quarter, compared to the consensus estimate of $94.25 million. During the same period in the previous year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts forecast that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Goosehead Insurance

Several institutional investors have recently made changes to their positions in GSHD. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 purchasing an additional 393 shares during the last quarter. CWM LLC boosted its holdings in shares of Goosehead Insurance by 73.8% in the 2nd quarter. CWM LLC now owns 471 shares of the company’s stock valued at $50,000 after purchasing an additional 200 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Goosehead Insurance in the 1st quarter valued at $62,000. Finally, AlphaQuest LLC acquired a new position in shares of Goosehead Insurance during the 1st quarter worth $72,000.

Analyst Ratings Changes

GSHD has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a research note on Tuesday, October 14th. Zacks Research raised shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. UBS Group decreased their price objective on shares of Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Monday, October 27th. Finally, Truist Financial cut their target price on shares of Goosehead Insurance from $85.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and an average price target of $92.11.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.