Insider Buying: Goosehead Insurance (NASDAQ:GSHD) CFO Acquires $173,650.00 in Stock

Goosehead Insurance (NASDAQ:GSHD) CFO John Arthur Martin acquired 5,000 shares of the stock in a transaction that occurred 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 purchase, the chief financial officer directly owned 5,000 shares of the company’s stock, valued at approximately $173,650. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $34.39 on Monday. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $113.00. The firm has a market capitalization of $1.22 billion, a PE ratio of 30.17, a P/E/G ratio of 1.19 and a beta of 1.52. The company’s 50 day simple moving average is $42.27 and its 200 day simple moving average is $56.64.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $105.16 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. Sell-side analysts anticipate that Goosehead Insurance will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GSHD has been the topic of a number of research analyst reports. Cantor Fitzgerald lowered their price objective on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Keefe, Bruyette & Woods raised their target price on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Piper Sandler reduced their target price on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Finally, UBS Group raised their target price on shares of Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.73.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GSHD. Wasatch Advisors LP boosted its stake in shares of Goosehead Insurance by 32.3% during the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock valued at $97,786,000 after buying an additional 559,087 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Goosehead Insurance by 38.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after buying an additional 556,293 shares during the period. Durable Capital Partners LP boosted its stake in shares of Goosehead Insurance by 126.5% during the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after buying an additional 861,374 shares during the period. DF Dent & Co. Inc. boosted its stake in shares of Goosehead Insurance by 3.2% during the 4th quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock valued at $76,939,000 after buying an additional 32,246 shares during the period. Finally, State Street Corp boosted its stake in shares of Goosehead Insurance by 1.4% during the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after buying an additional 14,311 shares during the period.

About Goosehead Insurance

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.