Mark Miller Purchases 10,000 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) COO Mark Miller bought 10,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $58.06 per share, for a total transaction of $580,600.00. Following the transaction, the chief operating officer now owns 30,000 shares in the company, valued at $1,741,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mark Miller also recently made the following trade(s):

• On Monday, February 26th, Mark Miller bought 5,000 shares of Goosehead Insurance stock. The shares were purchased at an average cost of $73.86 per share, for a total transaction of $369,300.00.

Goosehead Insurance Stock Up 4.7 %

Goosehead Insurance stock opened at $59.56 on Thursday. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $92.76. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 96.06, a P/E/G ratio of 3.41 and a beta of 1.28. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.31. The firm has a 50 day simple moving average of $67.57 and a 200 day simple moving average of $72.24.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. The business had revenue of $64.46 million during the quarter, compared to analyst estimates of $66.24 million. On average, analysts predict that Goosehead Insurance, Inc will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GSHD. USA Financial Formulas boosted its holdings in Goosehead Insurance by 5,350.0% in the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock valued at $25,000 after purchasing an additional 321 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Goosehead Insurance in the 4th quarter valued at $35,000. Harvest Fund Management Co. Ltd bought a new position in Goosehead Insurance in the 3rd quarter valued at $37,000. Benjamin F. Edwards & Company Inc. bought a new position in Goosehead Insurance in the 1st quarter valued at $35,000. Finally, CENTRAL TRUST Co bought a new position in Goosehead Insurance in the 1st quarter valued at $67,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GSHD shares. Royal Bank of Canada dropped their target price on shares of Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating for the company in a research note on Tuesday. JMP Securities restated a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a research note on Monday, April 15th. Finally, Piper Sandler decreased their price target on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Goosehead Insurance has a consensus rating of “Moderate Buy” and a consensus price target of $78.89.

Goosehead Insurance Company Profile

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.