Goosehead Insurance (NASDAQ:GSHD) General Counsel John Terry O’connor Acquires 2,100 Shares

Goosehead Insurance (NASDAQ:GSHD) General Counsel John Terry O’connor purchased 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $71.81 per share, with a total value of $150,801.00. Following the completion of the acquisition, the general counsel owned 3,100 shares in the company, valued at $222,611. The trade was a 210.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Goosehead Insurance Price Performance

GSHD opened at $71.55 on Friday. The business has a fifty day simple moving average of $70.32 and a 200 day simple moving average of $87.05. Goosehead Insurance has a 1 year low of $64.40 and a 1 year high of $128.00. The company has a market capitalization of $2.64 billion, a PE ratio of 63.32, a price-to-earnings-growth ratio of 11.71 and a beta of 1.42.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The firm had revenue of $90.44 million for the quarter, compared to analyst estimates of $94.25 million. Goosehead Insurance had a negative return on equity of 34.60% and a net margin of 8.55%.The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. Equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GSHD. EverSource Wealth Advisors LLC raised its position in Goosehead Insurance by 480.4% during the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the last quarter. CWM LLC increased its stake in shares of Goosehead Insurance by 73.8% in the 2nd quarter. CWM LLC now owns 471 shares of the company’s stock valued at $50,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after buying an additional 284 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Goosehead Insurance during the 1st quarter worth $62,000.

Analysts Set New Price Targets

A number of analysts have issued reports on GSHD shares. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a report on Tuesday, October 14th. UBS Group cut their price target on Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating for the company in a research note on Monday, October 27th. Keefe, Bruyette & Woods lowered their price objective on Goosehead Insurance from $102.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. JPMorgan Chase & Co. dropped their price objective on Goosehead Insurance from $101.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Goosehead Insurance in a report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $92.11.

About Goosehead Insurance

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.