Insider Buying: Goosehead Insurance, Inc (NASDAQ:GSHD) COO Acquires 10,000 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) COO Mark Miller bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price of $58.06 per share, with a total value of $580,600.00. Following the transaction, the chief operating officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,741,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mark Miller also recently made the following trade(s):

• On Monday, February 26th, Mark Miller bought 5,000 shares of Goosehead Insurance stock. The shares were acquired at an average price of $73.86 per share, with a total value of $369,300.00.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $59.05 on Friday. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $92.76. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $2.24 billion, a P/E ratio of 95.24, a P/E/G ratio of 3.49 and a beta of 1.31. The stock has a 50 day moving average price of $67.01 and a 200 day moving average price of $72.15.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The firm had revenue of $64.46 million during the quarter, compared to analyst estimates of $66.24 million. As a group, sell-side analysts predict that Goosehead Insurance, Inc will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on GSHD shares. Truist Financial cut their target price on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. dropped their target price on Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. TD Cowen started coverage on Goosehead Insurance in a report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price for the company. Finally, Royal Bank of Canada dropped their target price on Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.89.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently modified their holdings of GSHD. SG Americas Securities LLC bought a new stake in shares of Goosehead Insurance during the 3rd quarter worth approximately $494,000. State of Alaska Department of Revenue bought a new stake in Goosehead Insurance during the 3rd quarter valued at $1,109,000. Maryland State Retirement & Pension System bought a new stake in Goosehead Insurance during the 3rd quarter valued at $656,000. Raymond James Financial Services Advisors Inc. bought a new stake in Goosehead Insurance during the 3rd quarter valued at $1,048,000. Finally, Bank of New York Mellon Corp raised its position in Goosehead Insurance by 130.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 181,779 shares of the company’s stock valued at $13,548,000 after purchasing an additional 102,992 shares in the last quarter.

Goosehead Insurance Company Profile

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.