Key Points
- Goosehead Insurance major shareholder Patrick Ryan Langston bought 2,800 shares on May 29 at an average price of $35.56, totaling about $99,568. His holdings rose to 7,800 shares, a 56% increase in his position.
- The stock rose 6.6% to $36.65 in Tuesday trading, near the lower end of its 12-month range of $33.68 to $113.00. Goosehead’s market cap is about $1.30 billion.
- Recent earnings beat expectations on EPS but missed revenue estimates: Goosehead reported $0.37 per share versus $0.20 expected, while revenue came in at $79.48 million versus $105.16 million forecast. Analysts currently have a consensus “Hold” rating with a $66.73 target price.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder Patrick Ryan Langston purchased 2,800 shares of the business's stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of $35.56 per share, for a total transaction of $99,568.00. Following the completion of the acquisition, the insider directly owned 7,800 shares of the company's stock, valued at approximately $277,368. The trade was a 56.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Goosehead Insurance Trading Up 6.6%
NASDAQ:GSHD opened at $36.65 on Tuesday. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $113.00. The firm has a fifty day simple moving average of $42.16 and a 200-day simple moving average of $56.41. The company has a market capitalization of $1.30 billion, a P/E ratio of 32.15, a PEG ratio of 1.19 and a beta of 1.62.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 EPS 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 business had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business's revenue for the quarter was up 23.1% compared to the same quarter last year. Equities analysts forecast that Goosehead Insurance will post 1.49 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on GSHD. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, May 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Weiss Ratings downgraded shares of Goosehead Insurance from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, April 20th. Citigroup reiterated an "outperform" rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. Finally, Piper Sandler lowered their price objective on shares of Goosehead Insurance from $60.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, May 26th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $66.73.
Get Our Latest Analysis on GSHD
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Goosehead Insurance by 480.4% in 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 period. Northwestern Mutual Wealth Management Co. raised its position in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock worth $47,000 after acquiring an additional 393 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Goosehead Insurance in the fourth quarter worth about $41,000. Fifth Third Bancorp raised its position in shares of Goosehead Insurance by 71.4% in the third quarter. Fifth Third Bancorp now owns 682 shares of the company's stock worth $51,000 after acquiring an additional 284 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Goosehead Insurance by 614.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock worth $74,000 after acquiring an additional 860 shares during the period.
Goosehead Insurance Company Profile
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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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