Key Points
- General Counsel John Terry O'Connor purchased 2,100 shares on Nov. 26 at $71.81 each (totaling $150,801), bringing his ownership to 3,100 shares—a 210% increase—per the SEC Form 4 filing.
- Goosehead reported Q3 EPS of $0.46 (below estimates) with revenue up 15.9% year-over-year, and analysts maintain a consensus "Hold" rating with an average price target of $92.11.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) General Counsel John Terry O'connor acquired 2,100 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average price of $71.81 per share, with a total value of $150,801.00. Following the completion of the transaction, the general counsel owned 3,100 shares in the company, valued at $222,611. This represents a 210.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Goosehead Insurance Price Performance
Shares of Goosehead Insurance stock opened at $71.55 on Friday. Goosehead Insurance has a fifty-two week low of $64.40 and a fifty-two week high of $128.00. The firm has a market capitalization of $2.64 billion, a P/E ratio of 63.32, a P/E/G ratio of 11.71 and a beta of 1.42. The company's 50 day moving average price is $70.32 and its two-hundred day moving average price is $87.05.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.08). Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.The company had revenue of $90.44 million for the quarter, compared to analyst estimates of $94.25 million. During the same quarter last year, the company posted $0.50 earnings per share. The firm's quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current year.
Institutional Investors Weigh In On Goosehead Insurance
Several institutional investors and hedge funds have recently made changes to their positions in GSHD. EverSource Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 269 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock valued at $47,000 after acquiring an additional 393 shares during the last quarter. CWM LLC boosted its holdings in Goosehead Insurance by 73.8% in the second quarter. CWM LLC now owns 471 shares of the company's stock valued at $50,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp increased its position in 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 purchasing an additional 284 shares during the period. Finally, SVB Wealth LLC bought a new position in Goosehead Insurance during the 1st quarter worth approximately $62,000.
Wall Street Analysts Forecast Growth
Several research firms have commented on GSHD. Weiss Ratings reiterated a "hold (c)" rating on shares of Goosehead Insurance in a research report on Friday, October 31st. Zacks Research raised Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, November 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $102.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, October 23rd. Cantor Fitzgerald reiterated an "overweight" rating on shares of Goosehead Insurance in a research report on Thursday, October 23rd. Finally, BMO Capital Markets reduced their target price on shares of Goosehead Insurance from $110.00 to $79.00 and set a "market perform" rating on the stock in a report on Tuesday. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $92.11.
View Our Latest Stock Report on GSHD
About Goosehead Insurance
(
Get Free Report)
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.
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