Key Points
- Director Louis Goldberg bought 5,575 shares of Goosehead Insurance on Feb 20 at an average price of $44.85, spending about $250,039 and increasing his holding from zero.
- Goosehead beat Q4 EPS estimates ($0.64 vs. $0.54) but missed on revenue ($78.2M vs. $99.7M); the stock trades at $52.60, below its 50- and 200-day moving averages and carries a PE of about 50.6.
- Analysts maintain a "Moderate Buy" consensus with an average price target of $80.78, while institutional investors such as 3G Capital have materially increased their stakes.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) Director Louis Goldberg acquired 5,575 shares of the business's stock in a transaction dated Friday, February 20th. The shares were purchased at an average price of $44.85 per share, with a total value of $250,038.75. Following the transaction, the director owned 5,575 shares of the company's stock, valued at approximately $250,038.75. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Goosehead Insurance Price Performance
Shares of NASDAQ GSHD traded up $1.46 during midday trading on Thursday, reaching $52.60. 187,788 shares of the stock traded hands, compared to its average volume of 486,101. The stock has a market capitalization of $1.94 billion, a PE ratio of 50.64, a P/E/G ratio of 3.37 and a beta of 1.54. The company's 50 day moving average is $64.86 and its 200 day moving average is $71.76. Goosehead Insurance has a one year low of $42.87 and a one year high of $127.99.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $78.20 million for the quarter, compared to analysts' expectations of $99.67 million. During the same period in the prior year, the company earned $0.79 EPS. The business's revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.
Institutional Investors Weigh In On Goosehead Insurance
Hedge funds have recently modified their holdings of the company. Caxton Associates LLP bought a new stake in Goosehead Insurance during the 2nd quarter worth approximately $2,140,000. Panagora Asset Management Inc. acquired a new position in shares of Goosehead Insurance in the second quarter worth approximately $1,948,000. 3G Capital Partners LP raised its stake in Goosehead Insurance by 105.6% during the second quarter. 3G Capital Partners LP now owns 462,500 shares of the company's stock worth $48,798,000 after buying an additional 237,500 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Goosehead Insurance by 4.9% during the 2nd quarter. King Luther Capital Management Corp now owns 124,544 shares of the company's stock valued at $13,141,000 after purchasing an additional 5,868 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Goosehead Insurance by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 146,330 shares of the company's stock valued at $15,439,000 after acquiring an additional 5,363 shares during the period.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on GSHD shares. Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, November 10th. Cantor Fitzgerald set a $84.00 target price on Goosehead Insurance in a research report on Monday. Keefe, Bruyette & Woods reduced their price target on Goosehead Insurance from $95.00 to $85.00 and set an "outperform" rating on the stock in a report on Wednesday, February 18th. JPMorgan Chase & Co. decreased their price target on Goosehead Insurance from $80.00 to $68.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Citigroup restated an "outperform" rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $80.78.
Get Our Latest Analysis 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.
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