Goosehead Insurance (NASDAQ:GSHD) Trading 5.3% Higher on Insider Buying Activity

Goosehead Insurance (NASDAQ:GSHD - Get Free Report)'s stock price rose 5.3% during trading on Monday after an insider bought additional shares in the company. The company traded as high as $75.61 and last traded at $75.3350. Approximately 145,135 shares changed hands during trading, a decline of 53% from the average daily volume of 308,791 shares. The stock had previously closed at $71.55.

Specifically, General Counsel John Terry O'connor bought 2,100 shares of Goosehead Insurance stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $71.81 per share, with a total value of $150,801.00. Following the completion of the purchase, the general counsel owned 3,100 shares of the company's stock, valued at approximately $222,611. This represents a 210.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GSHD shares. Truist Financial cut their price target on shares of Goosehead Insurance from $85.00 to $72.00 and set a "hold" rating on the stock in a report on Thursday, October 23rd. UBS Group dropped their target price on shares of Goosehead Insurance from $130.00 to $121.00 and set a "buy" rating for the company in a research report on Monday, October 27th. Jefferies Financial Group assumed coverage on shares of Goosehead Insurance in a research report on Monday. They set a "buy" rating and a $93.00 price target on the stock. JMP Securities decreased their price target on shares of Goosehead Insurance from $150.00 to $140.00 and set a "market outperform" rating for the company in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $101.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, October 9th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $92.20.

View Our Latest Stock Report on GSHD

Goosehead Insurance Stock Up 5.8%

The stock has a market cap of $2.79 billion, a PE ratio of 67.18, a PEG ratio of 11.68 and a beta of 1.52. The stock's fifty day moving average price is $70.32 and its 200 day moving average price is $86.79.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.08). Goosehead Insurance had a net margin of 8.55% and a negative return on equity of 34.60%. The business had revenue of $90.44 million for the quarter, compared to the consensus estimate of $94.25 million. During the same period in the previous year, the company earned $0.50 earnings per share. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC lifted its holdings in shares of Goosehead Insurance by 9.9% in the second quarter. Harbor Investment Advisory LLC now owns 1,083 shares of the company's stock worth $114,000 after buying an additional 98 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Goosehead Insurance by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 5,299 shares of the company's stock worth $559,000 after purchasing an additional 116 shares during the period. Bryce Point Capital LLC raised its position in Goosehead Insurance by 2.2% in the 2nd quarter. Bryce Point Capital LLC now owns 6,954 shares of the company's stock worth $734,000 after purchasing an additional 148 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Goosehead Insurance by 7.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,436 shares of the company's stock valued at $257,000 after purchasing an additional 159 shares during the period. Finally, Amalgamated Bank lifted its holdings in Goosehead Insurance by 2.5% during the 2nd quarter. Amalgamated Bank now owns 7,051 shares of the company's stock valued at $744,000 after buying an additional 170 shares in the last quarter.

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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