Goosehead Insurance (NASDAQ:GSHD) Director Louis Goldberg Acquires 5,575 Shares

Goosehead Insurance (NASDAQ:GSHD) Director Louis Goldberg acquired 5,575 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $44.85 per share, with a total value of $250,038.75. Following the acquisition, the director directly owned 5,575 shares of the company’s stock, valued at $250,038.75. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock traded up $1.08 on Wednesday, reaching $51.14. 783,248 shares of the company traded hands, compared to its average volume of 675,686. The company has a 50 day moving average of $64.86 and a 200 day moving average of $71.76. Goosehead Insurance has a 52 week low of $42.87 and a 52 week high of $127.99. The firm has a market capitalization of $1.88 billion, a PE ratio of 49.17, a PEG ratio of 3.37 and a beta of 1.54.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Goosehead Insurance had a net margin of 7.62% and a negative return on equity of 21.31%. The company had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $99.67 million. During the same quarter in the previous year, the firm posted $0.79 EPS. Goosehead Insurance’s revenue was up 12.1% on a year-over-year basis. As a group, analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GSHD. Citigroup reiterated an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Piper Sandler raised shares of Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 price objective for the company in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Goosehead Insurance in a research note on Wednesday, January 28th. Wall Street Zen upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, UBS Group cut their price target on Goosehead Insurance from $121.00 to $90.00 and set a “buy” rating for the company in a report on Monday. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.78.

Institutional Trading of Goosehead Insurance

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Goosehead Insurance in the fourth quarter worth $41,000. Northwestern Mutual Wealth Management Co. boosted 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 valued at $47,000 after buying an additional 393 shares during the period. CWM LLC raised 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 acquiring an additional 200 shares in the last quarter. Finally, Fifth Third Bancorp boosted 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 acquiring an additional 284 shares during the last quarter.

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.