Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $255,107.49 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 5,307 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $48.07, for a total value of $255,107.49. Following the transaction, the insider owned 7,214,193 shares of the company’s stock, valued at approximately $346,786,257.51. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% 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 Tuesday, April 28th, & Robyn Jones Descendants Mark sold 179 shares of Goosehead Insurance stock. The stock was sold at an average price of $49.06, for a total value of $8,781.74.

Goosehead Insurance Stock Down 5.1%

GSHD stock traded down $2.43 during midday trading on Thursday, hitting $44.79. The company’s stock had a trading volume of 341,371 shares, compared to its average volume of 471,433. Goosehead Insurance has a 12 month low of $39.64 and a 12 month high of $114.76. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. The company has a 50 day moving average of $45.55 and a two-hundred day moving average of $60.76.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The business had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts anticipate that Goosehead Insurance will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GSHD has been the subject of several recent analyst reports. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. Truist Financial dropped their price target on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, February 18th. BMO Capital Markets reduced their price objective on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 18th. Citizens Jmp reduced their price objective on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. Finally, Bank of America lowered their target price on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GSHD. EverSource Wealth Advisors LLC boosted its position in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Goosehead Insurance during the 4th quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after acquiring an additional 393 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after acquiring an additional 284 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Goosehead Insurance by 614.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after acquiring an additional 860 shares during the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.