A number of other hedge funds have also recently modified their holdings of GSHD. Group One Trading LP bought a new stake in shares of Goosehead Insurance in the 1st quarter valued at approximately $59,000. HighTower Advisors LLC lifted its position in shares of Goosehead Insurance by 16.6% in the 1st quarter. HighTower Advisors LLC now owns 3,167 shares of the company’s stock valued at $248,000 after acquiring an additional 450 shares during the period. Cetera Advisor Networks LLC acquired a new position in shares of Goosehead Insurance in the 1st quarter valued at approximately $519,000. Bank of Montreal Can raised its stake in shares of Goosehead Insurance by 47.6% in the 1st quarter. Bank of Montreal Can now owns 13,023 shares of the company’s stock valued at $1,120,000 after buying an additional 4,202 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Goosehead Insurance by 53.5% in the 1st quarter. MetLife Investment Management LLC now owns 9,763 shares of the company’s stock valued at $767,000 after buying an additional 3,404 shares in the last quarter. Institutional investors own 99.96% of the company’s shares.
In other news, major shareholder Robyn Jones Descendants Mark sold 24,103 shares of Goosehead Insurance stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $40.41, for a total value of $974,002.23. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $5,348,223.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Robyn Jones Descendants Mark sold 24,103 shares of Goosehead Insurance stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $40.41, for a total value of $974,002.23. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at approximately $5,348,223.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark Miller bought 6,900 shares of the stock in a transaction dated Monday, October 31st. The stock was purchased at an average cost of $39.83 per share, with a total value of $274,827.00. Following the completion of the purchase, the chief operating officer now directly owns 6,900 shares in the company, valued at approximately $274,827. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 193,540 shares of company stock valued at $7,841,621. Company insiders own 48.35% of the company’s shares.
Goosehead Insurance Price Performance
GSHD stock opened at $35.94 on Thursday. The business has a fifty day moving average price of $37.92 and a 200 day moving average price of $43.41. Goosehead Insurance, Inc has a fifty-two week low of $29.23 and a fifty-two week high of $102.06. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 3,597.60, a P/E/E ratio of 5.17 and a beta of 1.22.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its earnings results on Wednesday, October 26th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $57.69 million for the quarter, compared to analysts’ expectations of $54.02 million. Goosehead Insurance had a negative return on equity of 0.56% and a net margin of 0.18%. On average, equities analysts anticipate that Goosehead Insurance, Inc will post -0.01 earnings per share for the current fiscal year.
Analyzer Upgrades and Downgrades
A number of brokerages recently issued reports on GSHD. Royal Bank of Canada dropped their target price on Goosehead Insurance from $100.00 to $75.00 in a report on Thursday, October 27th. BMO Capital Markets began coverage on Goosehead Insurance in a report on Thursday, January 19th. They issued a “market perform” rating and a $39.00 target price for the company. Truist Financial dropped their target price on Goosehead Insurance from $55.00 to $40.00 in a report on Thursday, October 27th. Finally, JMP Securities dropped their target price on Goosehead Insurance from $120.00 to $100.00 and set a “market outperform” rating for the company in a report on Tuesday, October 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.20.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC which provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowners, insurance, auto, home property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property and life insurance products and services.
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