Goosehead Insurance, Inc (NASDAQ:GSHD) General Counsel John Terry O’connor Sells 2,500 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD) General Counsel John Terry O’connor sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total value of $261,050.00. Following the sale, the general counsel now directly owns 1,000 shares in the company, valued at $104,420. This represents a 71.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $108.90 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm’s 50-day moving average price is $108.98 and its two-hundred day moving average price is $111.59. Goosehead Insurance, Inc has a 52-week low of $54.80 and a 52-week high of $130.39. The stock has a market capitalization of $4.09 billion, a P/E ratio of 151.25, a P/E/G ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business had revenue of $75.58 million during the quarter, compared to analyst estimates of $78.59 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors have recently added to or reduced their stakes in GSHD. Whitebark Investors LP acquired a new stake in shares of Goosehead Insurance during the 4th quarter valued at $55,326,000. American Century Companies Inc. boosted its holdings in shares of Goosehead Insurance by 51.4% in the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after buying an additional 220,267 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Goosehead Insurance during the first quarter valued at approximately $22,003,000. D. E. Shaw & Co. Inc. boosted its stake in Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock worth $21,870,000 after purchasing an additional 96,309 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Goosehead Insurance by 312.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company’s stock worth $11,754,000 after buying an additional 83,028 shares during the period.

Analysts Set New Price Targets

Several research firms recently commented on GSHD. Keefe, Bruyette & Woods boosted their target price on Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Truist Financial reaffirmed a “hold” rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Piper Sandler lowered their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Finally, Bank of America boosted their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $115.40.

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.