Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $352,225.16 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) major shareholder & Robyn Jones Descendants Mark sold 8,764 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $40.19, for a total value of $352,225.16. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $5,319,106.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that 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, November 14th, & Robyn Jones Descendants Mark sold 3,702 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.14, for a total value of $148,598.28.
• On Wednesday, November 2nd, & Robyn Jones Descendants Mark sold 1,106 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.07, for a total value of $44,317.42.
• On Monday, October 31st, & Robyn Jones Descendants Mark sold 35,801 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.08, for a total value of $1,470,705.08.
• On Friday, August 26th, & Robyn Jones Descendants Mark sold 4,014 shares of Goosehead Insurance stock. The shares were sold at an average price of $60.52, for a total value of $242,927.28.

Goosehead Insurance Stock Up 0.2 %

Shares of GSHD stock opened at $39.66 on Friday. The company has a 50 day moving average of $36.90 and a 200-day moving average of $47.26. Goosehead Insurance, Inc has a 12-month low of $29.23 and a 12-month high of $146.25. The firm has a market cap of $1.48 billion, a P/E ratio of 3,969.97 and a beta of 1.20.

Goosehead Insurance (NASDAQ:GSHD – Get Rating) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. Goosehead Insurance had a net margin of 0.18% and a negative return on equity of 0.56%. The firm had revenue of $57.69 million during the quarter, compared to the consensus estimate of $54.02 million. As a group, equities analysts expect that Goosehead Insurance, Inc will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently added to or reduced their stakes in GSHD. Hardy Reed LLC purchased a new position in shares of Goosehead Insurance in the first quarter valued at about $84,000. Daiwa Securities Group Inc. increased its position in shares of Goosehead Insurance by 7.3% during the first quarter. Daiwa Securities Group Inc. now owns 29,364 shares of the company’s stock valued at $2,307,000 after buying an additional 2,000 shares during the period. FDx Advisors Inc. increased its position in shares of Goosehead Insurance by 69.5% during the first quarter. FDx Advisors Inc. now owns 6,233 shares of the company’s stock valued at $490,000 after buying an additional 2,555 shares during the period. Motley Fool Wealth Management LLC purchased a new position in shares of Goosehead Insurance during the first quarter valued at about $5,113,000. Finally, Russell Investments Group Ltd. increased its position in shares of Goosehead Insurance by 13.2% during the first quarter. Russell Investments Group Ltd. now owns 62,343 shares of the company’s stock valued at $4,897,000 after buying an additional 7,279 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada cut their target price on Goosehead Insurance from $100.00 to $75.00 in a research note on Thursday, October 27th. William Blair downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. JMP Securities decreased their price objective on Goosehead Insurance from $120.00 to $100.00 and set a “market outperform” rating for the company in a report on Tuesday, October 18th. Finally, Truist Financial cut their price target on shares of Goosehead Insurance from $55.00 to $40.00 in a research report on Thursday, October 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Goosehead Insurance Company Profile

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

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