Goosehead Insurance Inc (NASDAQ:GSHD) major shareholder Desiree Coleman sold 4,403 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $75.23, for a total transaction of $331,237.69. Following the sale, the insider now owns 484,154 shares of the company’s stock, valued at approximately $36,422,905.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Desiree Coleman also recently made the following trade(s):

  • On Tuesday, June 30th, Desiree Coleman sold 17,128 shares of Goosehead Insurance stock. The stock was sold at an average price of $75.22, for a total transaction of $1,288,368.16.
  • On Friday, June 26th, Desiree Coleman sold 9,910 shares of Goosehead Insurance stock. The stock was sold at an average price of $75.20, for a total transaction of $745,232.00.

Shares of GSHD stock opened at $75.16 on Wednesday. Goosehead Insurance Inc has a 12 month low of $37.26 and a 12 month high of $76.31. The stock has a market cap of $2.65 billion, a P/E ratio of 341.65 and a beta of 0.78. The company has a 50 day simple moving average of $65.02 and a two-hundred day simple moving average of $52.23.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Thursday, April 30th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.04). Goosehead Insurance had a net margin of 4.25% and a negative return on equity of 12.02%. The business had revenue of $20.43 million for the quarter, compared to analysts’ expectations of $20.16 million. On average, sell-side analysts predict that Goosehead Insurance Inc will post 0.33 earnings per share for the current year.

GSHD has been the subject of several analyst reports. ValuEngine raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. BidaskClub upgraded shares of Goosehead Insurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 1st. Zacks Investment Research upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Goosehead Insurance from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Goosehead Insurance currently has a consensus rating of “Buy” and an average target price of $55.60.

A number of hedge funds have recently made changes to their positions in GSHD. Rhumbline Advisers increased its stake in shares of Goosehead Insurance by 1.5% in the first quarter. Rhumbline Advisers now owns 13,765 shares of the company’s stock worth $614,000 after purchasing an additional 209 shares in the last quarter. Swiss National Bank boosted its position in shares of Goosehead Insurance by 1.6% during the first quarter. Swiss National Bank now owns 25,100 shares of the company’s stock worth $1,120,000 after acquiring an additional 400 shares during the last quarter. Bank of Montreal Can lifted its position in Goosehead Insurance by 44.1% during the fourth quarter. Bank of Montreal Can now owns 1,444 shares of the company’s stock valued at $61,000 after purchasing an additional 442 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Goosehead Insurance by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 23,794 shares of the company’s stock valued at $1,009,000 after purchasing an additional 773 shares during the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in Goosehead Insurance during the fourth quarter valued at $36,000. 42.04% of the stock is owned by institutional investors and hedge funds.

About Goosehead Insurance

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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