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

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

Goosehead Insurance Trading Up 11.9%

NASDAQ:GSHD opened at $42.14 on Tuesday. Goosehead Insurance has a 1-year low of $35.83 and a 1-year high of $114.76. The business’s 50-day moving average price is $43.38 and its two-hundred day moving average price is $58.45. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 1.38 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last released 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. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Sell-side analysts predict that Goosehead Insurance will post 1.4 earnings per share for the current year.

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently bought and sold shares of GSHD. AQR Capital Management LLC raised its position in Goosehead Insurance by 85.7% in the 1st 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Goosehead Insurance by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock valued at $1,578,000 after buying an additional 578 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock valued at $41,885,000 after buying 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 1st 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 buying 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 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after buying an additional 2,461 shares during the last quarter.

Analysts Set New Price Targets

GSHD has been the topic of several analyst reports. Truist Financial cut their target price 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. Piper Sandler dropped their price target on Goosehead Insurance from $69.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Citizens Jmp dropped their price target on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and an average target price of $67.45.

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.