Martin Ellis Thornthwaite Buys 5,000 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

by · The Cerbat Gem

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) General Counsel Martin Ellis Thornthwaite bought 5,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was purchased at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the transaction, the general counsel directly owned 5,000 shares of the company’s stock, valued at approximately $207,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Goosehead Insurance Stock Up 11.9%

Goosehead Insurance stock traded up $4.49 during trading hours on Monday, hitting $42.14. The stock had a trading volume of 511,817 shares, compared to its average volume of 410,614. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of 1.38 and a beta of 1.62. Goosehead Insurance has a one year low of $35.83 and a one year high of $114.76. The business’s 50 day simple moving average is $43.38 and its 200-day simple moving average is $58.45.

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. During the same period last year, the company earned $0.26 earnings per share. The business’s quarterly revenue was up 23.1% on a year-over-year basis. Research analysts anticipate that Goosehead Insurance will post 1.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Goosehead Insurance

Several large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in Goosehead Insurance by 45.6% during the first quarter. California State Teachers Retirement System now owns 35,351 shares of the company’s stock worth $1,508,000 after purchasing an additional 11,072 shares during the period. Royal Bank of Canada grew its stake in Goosehead Insurance by 8.9% during the first quarter. Royal Bank of Canada now owns 73,306 shares of the company’s stock worth $3,127,000 after purchasing an additional 5,965 shares during the period. Quantinno Capital Management LP grew its stake in Goosehead Insurance by 52.7% during the first quarter. Quantinno Capital Management LP now owns 31,878 shares of the company’s stock worth $1,360,000 after purchasing an additional 11,003 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Goosehead Insurance during the first quarter worth approximately $1,075,000. Finally, Public Employees Retirement System of Ohio grew its stake in Goosehead Insurance by 42.7% during the first quarter. Public Employees Retirement System of Ohio now owns 29,164 shares of the company’s stock worth $1,244,000 after purchasing an additional 8,720 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GSHD shares. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Wall Street Zen upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. lowered their price objective on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday. BMO Capital Markets lowered their price objective on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus target price of $67.45.

View Our Latest Analysis on Goosehead Insurance

Goosehead Insurance Company Profile

(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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