Goosehead Insurance, Inc (NASDAQ: GSHD – Get Rating) principal shareholder and Robyn Jones Descendants Mark sold 44,382 shares of Goosehead Insurance in a trade on Wednesday August 3. The shares were sold at an average price of $60.11, for a total value of $2,667,802.02. Following the completion of the sale, the insider now directly owns 132,349 shares of the company, valued at $7,955,498.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders who own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

  • On Monday, August 1, & Robyn Jones Descendants Mark sold 33,472 shares of Goosehead Insurance. The shares were sold at an average price of $55.95, for a total value of $1,872,758.40.

Goosehead Insurance Stock Performance

The NASDAQ GSHD traded down $0.23 during Thursday’s trading, hitting $60.50. 280,335 shares of the company were traded, against an average volume of 258,277. The stock has a market capitalization of $2.25 billion, a P/E ratio of 541.05, a price/earnings ratio of growth of 594.71 and a beta of 1.00. The company has a 50-day moving average price of $50.41 and a two-hundred-day moving average price of $65.71. Goosehead Insurance, Inc has a 1 year minimum of $39.00 and a 1 year maximum of $181.30.

Goosehead Insurance (NASDAQ:GSHD – Get Rating) last reported quarterly results on Wednesday, July 27. The company reported earnings per share (EPS) of $0.16 for the quarter, missing analyst consensus estimates of $0.17 per ($0.01). Goosehead Insurance had a negative return on equity of 3.53% and a net margin of 1.36%. The company posted revenue of $53.00 million for the quarter, versus $50.93 million expected by analysts. During the same period last year, the company made earnings per share of $0.07. The company’s quarterly revenue increased 38.7% year over year.

Analysts set new price targets

A number of equity research analysts have weighed in on GSHD shares recently. Piper Sandler lowered its price target on Goosehead Insurance from $75.00 to $57.00 and set an “overweight” rating for the company in a Tuesday, July 12 research note. Royal Bank of Canada lowered its target price on Goosehead Insurance from $140.00 to $120.00 in a Wednesday, April 27 research note. JMP Securities lowered its price target on Goosehead Insurance from $130.00 to $120.00 and set a “buy” rating for the company in a Friday, June 24 research note. Truist Financial lowered its target price on Goosehead Insurance from $75.00 to $60.00 in a Wednesday, April 27 research note. Finally, William Blair upgraded Goosehead Insurance from an “outperforming” rating to a “market performance” rating in a Thursday, July 28 research note. One investment analyst has assigned the stock a sell rating, two have issued a hold rating and four have assigned the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.33.

Goosehead Insurance Institutional Trading

Institutional investors and hedge funds have recently changed their positions in the company. First Horizon Advisors Inc. increased its holdings of Goosehead Insurance shares by 246.3% in the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the company valued at $42,000 after buying 234 additional shares in the last quarter. Sageworth Trust Co of South Dakota acquired a new position in Goosehead Insurance in Q4 worth approximately $45,000. Group One Trading LP acquired a new position in Goosehead Insurance in Q1 worth approximately $59,000. Castle Wealth Management LLC acquired a new position in Goosehead Insurance in Q2 worth approximately $68,000. Finally, Hardy Reed LLC acquired a new position in Goosehead Insurance in Q1 worth approximately $84,000.

Goosehead Insurance Company Profile

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Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC which provides personal lines insurance agency services in the United States. The Company operates in two segments, Corporate Channel and Franchise Channel. It offers products and services in home insurance, auto insurance, home insurance, flood, wind, earthquake, excess or umbrella liability, motorcycle, recreational vehicle, general liability, property and life.

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Insider buying and selling by quarter for Goosehead Insurance (NASDAQ:GSHD)



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