John Arthur Martin Buys 5,000 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHDGet Free Report) CFO John Arthur Martin bought 5,000 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average price of $34.73 per share, for a total transaction of $173,650.00. Following the acquisition, the chief financial officer directly owned 5,000 shares in the company, valued at approximately $173,650. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Goosehead Insurance Trading Down 2.4%

NASDAQ:GSHD opened at $34.39 on Friday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.19 and a beta of 1.62. The firm’s fifty day simple moving average is $42.27 and its 200 day simple moving average is $56.73. Goosehead Insurance has a twelve month low of $33.68 and a twelve month high of $113.00.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.17. The business 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%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. On average, analysts predict that Goosehead Insurance will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors have recently modified their holdings of GSHD. EverSource Wealth Advisors LLC grew its position in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after buying an additional 269 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after buying an additional 393 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after buying an additional 284 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Goosehead Insurance by 614.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after buying an additional 860 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Royal Bank Of Canada lifted their target price on shares of Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. UBS Group boosted their price objective on shares of Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Citizens Jmp cut their price objective on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Finally, Truist Financial cut their price objective on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given 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.

View Our Latest Stock Report on GSHD

Goosehead Insurance Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.