Key Points
- Goosehead Insurance General Counsel Martin Ellis Thornthwaite bought 5,000 shares at $41.50 each, totaling $207,500, in an insider purchase disclosed to the SEC.
- The company recently reported quarterly earnings of $0.37 per share, beating analyst expectations, while revenue rose 23.1% year over year to $79.48 million.
- Analyst sentiment is mixed: the stock has a Hold consensus rating with a consensus price target of $67.45, though individual firms have issued both buy and sell recommendations.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) General Counsel Martin Ellis Thornthwaite bought 5,000 shares of the company's stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the transaction, the general counsel owned 5,000 shares in the company, valued at $207,500. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Goosehead Insurance Stock Performance
Shares of Goosehead Insurance stock opened at $42.14 on Tuesday. The business's 50 day simple moving average is $43.38 and its 200 day simple moving average is $58.45. Goosehead Insurance has a 52-week low of $35.83 and a 52-week high of $114.76. The firm has a market cap of $1.50 billion, a PE ratio of 36.97, a P/E/G ratio of 1.38 and a beta of 1.62.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.17. The firm had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The business's revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. As a group, equities research analysts predict that Goosehead Insurance will post 1.4 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on GSHD shares. JPMorgan Chase & Co. decreased their price target on Goosehead Insurance from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, May 14th. UBS Group raised their price target on Goosehead Insurance from $81.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, April 27th. Citizens Jmp decreased their price target on Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating for the company in a research note on Monday, April 13th. Weiss Ratings downgraded Goosehead Insurance from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, April 20th. Finally, Citigroup restated an "outperform" rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $67.45.
Read Our Latest Stock Analysis on Goosehead Insurance
Institutional Trading of Goosehead Insurance
Several hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in Goosehead Insurance by 3,485.1% during the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company's stock worth $16,506,000 after purchasing an additional 376,114 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Goosehead Insurance by 45.6% during the 1st quarter. California State Teachers Retirement System now owns 35,351 shares of the company's stock worth $1,508,000 after purchasing an additional 11,072 shares during the last quarter. Royal Bank of Canada lifted its holdings in Goosehead Insurance by 8.9% during the 1st quarter. Royal Bank of Canada now owns 73,306 shares of the company's stock worth $3,127,000 after purchasing an additional 5,965 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Goosehead Insurance by 52.7% during the 1st quarter. Quantinno Capital Management LP now owns 31,878 shares of the company's stock worth $1,360,000 after purchasing an additional 11,003 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Goosehead Insurance during the 1st quarter worth approximately $1,075,000.
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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