Key Points
- CEO Mark Miller purchased 5,000 shares on November 28 at an average price of $72.34 (total $361,700), increasing his direct stake to 35,000 shares — a 16.67% rise; the trade was disclosed in an SEC filing.
- Goosehead missed the most recent quarter’s estimates, reporting $0.46 EPS vs. $0.54 expected and $90.44M revenue vs. $94.25M, while trading around $75.41 with a 52-week range of $64.40–$127.99, a $2.78B market cap and a P/E of 66.7.
- Analysts are mixed: the consensus rating is "Hold" with an average target of $92.20, reflecting several price-target cuts and some buy ratings among brokers.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) CEO Mark Miller acquired 5,000 shares of the company's stock in a transaction on Friday, November 28th. The stock was bought at an average cost of $72.34 per share, with a total value of $361,700.00. Following the completion of the acquisition, the chief executive officer directly owned 35,000 shares in the company, valued at approximately $2,531,900. This represents a 16.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Goosehead Insurance Stock Performance
GSHD opened at $75.41 on Tuesday. Goosehead Insurance has a 52-week low of $64.40 and a 52-week high of $127.99. The firm has a market cap of $2.78 billion, a P/E ratio of 66.74, a price-to-earnings-growth ratio of 11.68 and a beta of 1.52. The business's fifty day moving average is $70.24 and its 200-day moving average is $86.55.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.46 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 company had revenue of $90.44 million during the quarter, compared to analyst estimates of $94.25 million. During the same period last year, the firm earned $0.50 EPS. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, research analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on GSHD. Piper Sandler cut their price target on shares of Goosehead Insurance from $79.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, October 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Goosehead Insurance in a research note on Friday, October 31st. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Goosehead Insurance in a report on Thursday, October 23rd. Truist Financial decreased their price target on Goosehead Insurance from $85.00 to $72.00 and set a "hold" rating on the stock in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group began coverage on Goosehead Insurance in a research report on Monday. They set a "buy" rating and a $93.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $92.20.
Read Our Latest Research Report on GSHD
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings 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 acquiring an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock worth $47,000 after purchasing an additional 393 shares in the last quarter. CWM LLC raised its position 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 purchasing an additional 200 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Goosehead Insurance during the first quarter valued at about $62,000. Finally, AlphaQuest LLC bought a new stake in shares of Goosehead Insurance during the first quarter worth about $72,000.
Goosehead Insurance Company Profile
(
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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