Insider Sale: Goosehead Insurance, Inc (NASDAQ: GSHD) Major Stockholder Sells 42,336 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) principal shareholder Robyn Jones and Descendants Mark sold 42,336 shares of the company in a trade that took place on Friday, August 5. The shares were sold at an average price of $57.70, for a total value of $2,442,787.20. Following the completion 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. Large shareholders who own at least 10% of a company’s stock are required to disclose their sales and purchases to the SEC.

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

  • On Wednesday, August 3, & Robyn Jones Descendants Mark sold 44,382 shares of Goosehead Insurance. The shares were sold at an average price of $60.11, for a total value of $2,667,802.02.
  • 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.

Performance of Goosehead Insurance shares

Shares of GSHD traded at $1.24 during Monday trading hours, hitting $58.46. 378,085 shares were traded, against 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 capitalization of $2.17 billion, a price-to-earnings ratio of 520.23, a growth price-to-earnings ratio of 571.34 and a beta of 1.00. The stock’s 50-day moving average price is $50.63 and its two-hundred-day moving average price is $64.83.

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Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its quarterly results on Wednesday, July 27. The company reported EPS of $0.16 for the quarter, missing the consensus estimate 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. In the same quarter a year earlier, the company posted earnings per share of $0.07. The company’s revenue for the quarter increased by 38.7% compared to the same quarter last year.

Analysts set new price targets

A number of research analysts have published reports on GSHD shares. JMP Securities cut 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 report. Piper Sandler cut her 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 report. Royal Bank of Canada reduced its price target on Goosehead Insurance from $140.00 to $120.00 in a research report on Wednesday, April 27. Truist Financial reduced its price target on Goosehead Insurance from $75.00 to $60.00 in a Wednesday, April 27 research report. Finally, William Blair upgraded Goosehead Insurance from an “outperforming” rating to a “market performing” rating in a Thursday, July 28 research report. One equity research analyst has assigned the stock a sell rating, two have assigned a hold rating and four have assigned the stock a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $115.33.

Goosehead Insurance Institutional Trading

Several large investors have recently changed their positions in the company. Oppenheimer Asset Management Inc. increased its position in Goosehead Insurance shares by 36.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,606 shares of the company worth $1,580,000 after buying 9,323 additional shares last quarter. The State Board of Administration of Florida Retirement System increased its holdings in Goosehead Insurance by 43.5% in the second quarter. The Florida Retirement System State Board of Directors now owns 8,142 shares of the company valued at $372,000 after purchasing 2,470 additional shares last quarter. Envestnet Asset Management Inc. increased its holdings in Goosehead Insurance by 29.6% in the second quarter. Envestnet Asset Management Inc. now owns 49,570 shares of the company valued at $2,264,000 after buying 11,333 additional shares last quarter. FDx Advisors Inc. increased its holdings in Goosehead Insurance by 10.8% in the second quarter. FDx Advisors Inc. now owns 6,908 shares of the company valued at $315,000 after purchasing an additional 675 shares last quarter. Finally, Castle Wealth Management LLC acquired a new stake in Goosehead Insurance in the 2nd quarter at a value of $68,000.

Goosehead Insurance Company Profile

(Get a rating)

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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