Adrienne Kebodeaux Sells 7,000 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Adrienne Kebodeaux sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $70.00, for a total value of $490,000.00. Following the completion of the sale, the insider owned 273,027 shares in the company, valued at $19,111,890. This represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Adrienne Kebodeaux also recently made the following trade(s):

• On Tuesday, July 28th, Adrienne Kebodeaux sold 5,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $65.20, for a total transaction of $326,000.00.

Goosehead Insurance Stock Down 0.9%

GSHD opened at $72.33 on Wednesday. The firm has a 50-day moving average price of $57.27 and a 200-day moving average price of $48.70. Goosehead Insurance has a twelve month low of $33.68 and a twelve month high of $88.13. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 52.80, a PEG ratio of 2.61 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.17. The company had revenue of $95.63 million for the quarter, compared to analysts’ expectations of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. Goosehead Insurance’s revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. On average, sell-side analysts expect that Goosehead Insurance will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of Goosehead Insurance

A number of large investors have recently modified their holdings of GSHD. California State Teachers Retirement System grew its holdings in shares of Goosehead Insurance by 3,350.6% during the second quarter. California State Teachers Retirement System now owns 1,219,824 shares of the company’s stock worth $59,161,000 after purchasing an additional 1,184,473 shares in the last quarter. Compass Financial Management LLC bought a new stake in Goosehead Insurance during the second quarter valued at approximately $192,000. Nykredit A S bought a new stake in Goosehead Insurance during the second quarter valued at approximately $50,000. B. Metzler seel. Sohn & Co. AG lifted its position in Goosehead Insurance by 8.0% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 18,742 shares of the company’s stock valued at $909,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Keeler Thomas Management LLC purchased a new position in Goosehead Insurance in the 2nd quarter worth approximately $278,000.

Analyst Ratings Changes

A number of research firms have recently commented on GSHD. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $76.00 price target on shares of Goosehead Insurance in a report on Thursday, July 23rd. UBS Group boosted their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods dropped their price objective on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Weiss Ratings upgraded Goosehead Insurance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Royal Bank Of Canada lifted their target price on Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and a consensus price target of $68.45.

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.