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

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

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

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

Goosehead Insurance Stock Performance

GSHD traded up $0.06 during trading on Tuesday, hitting $56.91. The stock 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 market capitalization of $2.16 billion, a P/E ratio of 91.19, a PEG ratio of 3.53 and a beta of 1.28. The company’s 50-day moving average price is $68.19 and its 200 day moving average price is $72.33. Goosehead Insurance, Inc has a twelve month low of $50.47 and a twelve month high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $64.46 million for the quarter, compared to analysts’ expectations of $66.24 million. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. On average, equities research analysts forecast that Goosehead Insurance, Inc will post 0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Goosehead Insurance during the 3rd quarter worth $494,000. State of Alaska Department of Revenue acquired a new position in shares of Goosehead Insurance during the 3rd quarter worth $1,109,000. Maryland State Retirement & Pension System acquired a new position in shares of Goosehead Insurance during the 3rd quarter worth $656,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Goosehead Insurance during the 3rd quarter worth $1,048,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Goosehead Insurance by 130.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 181,779 shares of the company’s stock worth $13,548,000 after purchasing an additional 102,992 shares during the period.

Analyst Ratings Changes

A number of brokerages recently issued reports on GSHD. Truist Financial decreased their price target on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” 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. 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. TD Cowen started coverage on shares of Goosehead Insurance in a research report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price objective for the company. Finally, JMP Securities restated a “market outperform” rating and set a $100.00 price objective on shares of Goosehead Insurance in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average 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.