Goosehead Insurance, Inc (NASDAQ:GSHD) COO Mark Miller Acquires 10,000 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) COO Mark Miller purchased 10,000 shares of Goosehead Insurance stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price of $58.06 per share, for a total transaction of $580,600.00. Following the acquisition, the chief operating officer now owns 30,000 shares in the company, valued at $1,741,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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

Goosehead Insurance Stock Up 0.1 %

Shares of GSHD traded up $0.06 during mid-day trading on Tuesday, reaching $56.91. The company had a trading volume of 447,988 shares, compared to its average volume of 306,000. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a 50-day moving average price of $68.19 and a 200 day moving average price of $72.33. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $92.76. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 91.19, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The firm had revenue of $64.46 million for the quarter, compared to analysts' expectations of $66.24 million. On average, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JMP Securities restated a "market outperform" rating and set a $100.00 price target on shares of Goosehead Insurance in a report on Monday, April 15th. JPMorgan Chase & Co. reduced their price target on Goosehead Insurance from $62.00 to $59.00 and set a "neutral" rating on the stock in a report on Thursday, April 25th. BMO Capital Markets cut their price objective on Goosehead Insurance from $90.00 to $72.00 and set an "outperform" rating on the stock in a research report on Tuesday. Truist Financial cut their price objective on Goosehead Insurance from $70.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, April 25th. Finally, TD Cowen initiated coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They set an "outperform" rating and a $105.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $78.89.

Institutional Trading of Goosehead Insurance

A number of hedge funds have recently made changes to their positions in GSHD. USA Financial Formulas lifted its position 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 acquiring an additional 321 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Goosehead Insurance in the 4th quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd bought a new position in Goosehead Insurance in the 3rd quarter valued at approximately $37,000. Benjamin F. Edwards & Company Inc. bought a new position in Goosehead Insurance in the 1st quarter valued at approximately $35,000. Finally, CENTRAL TRUST Co purchased a new stake in Goosehead Insurance during the 1st quarter valued at $67,000.

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.

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