Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) major shareholder and Robyn Jones Descendants Mark sold 42,336 shares of the company’s shares in a transaction that took place on Friday, August 5th. The shares sold at an average price of $57.70 for a total value of $2,442,787.20. Upon closing of the transaction, the insider now directly owns 132,349 shares of the company, valued at $7,636,537.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Major shareholders who own 10% or more of a company’s stock must disclose their sales and purchases to the SEC.
& Robyn Jones Descendants Mark also recently made the following trades:
- On Wednesday, August 3rd, & Robyn Jones Descendants Mark sold 44,382 shares of Goosehead Insurance. The shares sold at an average price of $60.11 for a total value of $2,667,802.02.
- On Monday, August 1st, & Robyn Jones Descendants Mark sold 33,472 shares of Goosehead Insurance. The shares sold at an average price of $55.95 for a total value of $1,872,758.40.
Goosehead Insurance stock performance
Shares of GSHD rose $1.24 during trading hours on Monday to hit $58.46. 378,085 shares of the stock were exchanged compared to an average volume of 260,361. Goosehead Insurance, Inc has a 12-month low of $39.00 and a 12-month high of $181.30. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 520.23, a price-to-earnings-to-growth ratio of 571.34 and a beta of 1.00. The 50-day moving average price of the stock is $50.63 and the 200-day moving average price is $64.83.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last reported its quarterly earnings results on Wednesday, July 27th. The company reported $0.16 per share for the quarter, missing the consensus estimate of $0.17 ($0.01). Goosehead Insurance had a negative return on equity of 3.53% and a net margin of 1.36%. The company had revenue of $53.00 million for the quarter, compared to analysts’ expectations of $50.93 million. In the same quarter last year, the company reported earnings per share of $0.07. The company’s revenue for the quarter increased 38.7% compared to the same quarter last year.
Analysts set new price targets
A number of research analysts have issued reports on GSHD stock. JMP Securities lowered its target price on Goosehead Insurance to $120.00 from $130.00 and gave the company a buy rating in a report on Friday, June 24. Piper Sandler lowered his target price on Goosehead Insurance to $57.00 from $75.00 and rated the company as “overweight” in a research report on Tuesday, July 12. The Royal Bank of Canada lowered its price target on Goosehead Insurance on Wednesday, April 27. Truist Financial lowered its price target on Goosehead Insurance from $75.00 to $60.00 in a research report on Wednesday, April 27. Finally, on Thursday, July 28, William Blair downgraded Goosehead Insurance from an “Outperform” rating to a “Market Perform” rating in a research report. One equities research analyst has rated the stock with a sell rating, two have given it a hold rating and four have given it a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $115.33.
Institutional trading in goosehead insurance
Several major investors have recently changed their positions in the company. Oppenheimer Asset Management Inc. increased its position in Goosehead Insurance by 36.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,606 shares of the company’s stock valued at $1,580,000 after purchasing an additional 9,323 shares last quarter. The State Board of Administration of the Florida Retirement System increased its stake in Goosehead Insurance by 43.5% in the second quarter. The State Board of Administration of the Florida Retirement System now owns 8,142 shares of the company’s stock valued at $372,000 after purchasing an additional 2,470 shares last quarter. Envestnet Asset Management Inc. increased its stake in Goosehead Insurance by 29.6% in the second quarter. Envestnet Asset Management Inc. now owns 49,570 shares of the company’s stock valued at $2,264,000 after purchasing an additional 11,333 shares last quarter. FDx Advisors Inc. increased its holding in Goosehead Insurance by 10.8% in the second quarter. FDx Advisors Inc. now owns 6,908 shares of the company’s stock valued at $315,000 after purchasing an additional 675 shares last quarter. Finally, Castle Wealth Management LLC acquired a new $68,000 stake in Goosehead Insurance during the second quarter.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc acts as the holding company for Goosehead Financial, LLC, which provides insurance agency services to consumers in the United States. The Company operates through two segments, Corporate Channel and Franchise Channel. It offers products and services for homeowners, insurance, automotive, homeowners insurance, flood, wind, earthquake, deductible or umbrella, motorcycle, RV, general liability, property and life insurance.
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