1,000 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,000 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in 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 acquiring an additional 102,992 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Goosehead Insurance by 67.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,919 shares of the company’s stock valued at $292,000 after acquiring an additional 1,584 shares during the period. Yousif Capital Management LLC purchased a new stake in Goosehead Insurance during the third quarter valued at about $880,000. Orion Portfolio Solutions LLC purchased a new stake in Goosehead Insurance during the third quarter valued at about $204,000. Finally, Principal Financial Group Inc. purchased a new stake in Goosehead Insurance during the third quarter valued at about $9,501,000.

Insider Buying and Selling

In other news, COO Mark Miller bought 10,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $58.06 per share, with a total value 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Mark Miller purchased 10,000 shares of the stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $58.06 per share, with a total value of $580,600.00. Following the acquisition, the chief operating officer now directly owns 30,000 shares in the company, valued at $1,741,800. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.67, for a total transaction of $297,685.78. Following the transaction, the insider now owns 132,349 shares in the company, valued at approximately $10,014,848.83. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 17,582 shares of company stock valued at $1,141,849. Company insiders own 48.35% of the company’s stock.

Goosehead Insurance Trading Down 6.0 %

GSHD stock traded down $3.84 during trading on Thursday, hitting $59.87. The company had a trading volume of 415,464 shares, compared to its average volume of 310,333. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The firm has a 50-day moving average price of $62.35 and a 200-day moving average price of $71.27. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $92.76. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 96.56, a PEG ratio of 3.45 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $64.46 million during 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%. As a group, analysts predict that Goosehead Insurance, Inc will post 0.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GSHD shares. Piper Sandler reduced their price objective on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Bank of America reduced their price objective on Goosehead Insurance from $36.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday. BMO Capital Markets cut their price target on Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Truist Financial cut their price target on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Goosehead Insurance presently has a consensus rating of “Moderate Buy” and an average price target of $74.50.

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.