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

Goosehead Insurance (NASDAQ:GSHD) General Counsel Martin Ellis Thornthwaite acquired 5,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were bought at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the purchase, the general counsel owned 5,000 shares in the company, valued at approximately $207,500. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Goosehead Insurance Stock Down 2.0%

Shares of Goosehead Insurance stock opened at $41.31 on Wednesday. Goosehead Insurance has a 12-month low of $35.83 and a 12-month high of $113.49. The stock has a market cap of $1.47 billion, a P/E ratio of 36.24, a P/E/G ratio of 1.52 and a beta of 1.62. The business’s 50 day moving average is $43.21 and its 200-day moving average is $58.26.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $79.48 million for the quarter, compared to analysts’ expectations of $105.16 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was up 23.1% compared to the same quarter last year. On average, sell-side analysts expect that Goosehead Insurance will post 1.43 EPS for the current year.

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently modified their holdings of GSHD. AQR Capital Management LLC lifted its holdings in shares of Goosehead Insurance by 85.7% during the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock worth $511,000 after buying an additional 1,999 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Goosehead Insurance by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after buying an additional 578 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after buying an additional 164,693 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Goosehead Insurance by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after buying an additional 3,218 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Goosehead Insurance by 28.2% during the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after buying an additional 2,461 shares in the last quarter.

Analyst Ratings Changes

Several research firms have commented on GSHD. Bank of America decreased their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Cantor Fitzgerald cut their target price on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Keefe, Bruyette & Woods raised their target price on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Wall Street Zen upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, BMO Capital Markets cut their target price on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research note on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $67.45.

About Goosehead Insurance

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.