Key Points
- Goosehead Insurance CFO John Arthur Martin bought 5,000 shares at an average price of $34.73, a transaction worth $173,650, and now directly owns 5,000 shares.
- Goosehead shares were down about 2.4%, opening at $34.39, near their 52-week low of $33.68 and well below their 52-week high of $113.00.
- The company recently beat EPS estimates with $0.37 per share in quarterly earnings, but revenue of $79.48 million came in below expectations; analysts currently rate the stock a Hold on average.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) CFO John Arthur Martin bought 5,000 shares of the stock in a transaction on Thursday, May 28th. The shares were bought at an average price of $34.73 per share, for a total transaction of $173,650.00. Following the completion of the transaction, the chief financial officer directly owned 5,000 shares of the company's stock, valued at $173,650. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Goosehead Insurance Trading Down 2.4%
Shares of GSHD opened at $34.39 on Friday. The firm's 50-day moving average is $42.27 and its two-hundred day moving average is $56.73. Goosehead Insurance has a twelve month low of $33.68 and a twelve month high of $113.00. The firm has a market capitalization of $1.22 billion, a P/E ratio of 30.17, a PEG ratio of 1.22 and a beta of 1.62.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same period in the prior year, the business posted $0.26 earnings per share. The firm's revenue for the quarter was up 23.1% compared to the same quarter last year. Analysts predict that Goosehead Insurance will post 1.49 EPS for the current year.
Institutional Trading of Goosehead Insurance
Several institutional investors and hedge funds have recently modified their holdings of GSHD. AQR Capital Management LLC lifted its holdings in shares of Goosehead Insurance by 85.7% in the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company's stock valued at $511,000 after purchasing an additional 1,999 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Goosehead Insurance by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company's stock valued at $1,578,000 after purchasing an additional 578 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Goosehead Insurance by 86.6% in the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock valued at $41,885,000 after purchasing an additional 164,693 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Goosehead Insurance by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company's stock valued at $6,894,000 after purchasing an additional 3,218 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Goosehead Insurance by 28.2% in the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company's stock valued at $1,320,000 after purchasing an additional 2,461 shares in the last quarter.
Analyst Upgrades and Downgrades
GSHD has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday, May 14th. BMO Capital Markets lowered their target price on shares of Goosehead Insurance from $79.00 to $55.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 18th. Bank of America lowered their target price on shares of Goosehead Insurance from $43.00 to $37.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods upped their target price on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. Finally, Citizens Jmp lowered their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Monday, April 13th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $66.73.
Read Our Latest Report on GSHD
About Goosehead Insurance
(
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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