Goosehead Insurance (NASDAQ:GSHD) Director Thomas Mcconnon Sells 69,686 Shares

Goosehead Insurance (NASDAQ:GSHD) Director Thomas Mcconnon sold 69,686 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $73.62, for a total value of $5,130,283.32. Following the completion of the sale, the director directly owned 269,322 shares in the company, valued at $19,827,485.64. This represents a 20.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock traded down $0.06 on Wednesday, reaching $75.91. 345,209 shares of the company were exchanged, compared to its average volume of 311,254. The stock’s 50 day moving average price is $70.21 and its 200-day moving average price is $86.29. Goosehead Insurance has a 1-year low of $64.40 and a 1-year high of $127.99. The company has a market cap of $2.80 billion, a P/E ratio of 67.18, a price-to-earnings-growth ratio of 12.33 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). Goosehead Insurance had a net margin of 8.55% and a negative return on equity of 34.60%. The firm had revenue of $90.44 million during the quarter, compared to analyst estimates of $94.25 million. During the same period last year, the business earned $0.50 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GSHD has been the subject of several recent analyst reports. Zacks Research raised shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Jefferies Financial Group began coverage on Goosehead Insurance in a research note on Monday. They issued a “buy” rating and a $93.00 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Goosehead Insurance in a research report on Thursday, October 23rd. BMO Capital Markets cut their target price on Goosehead Insurance from $110.00 to $79.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 25th. Finally, Truist Financial decreased their target price on Goosehead Insurance from $85.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Hold” and an average target price of $92.20.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in Goosehead Insurance by 480.4% during the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after buying an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Goosehead Insurance by 802.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after acquiring an additional 393 shares during the last quarter. CWM LLC increased its holdings in shares of Goosehead Insurance by 73.8% in the 2nd quarter. CWM LLC now owns 471 shares of the company’s stock valued at $50,000 after acquiring an additional 200 shares during the period. SVB Wealth LLC acquired a new position in shares of Goosehead Insurance in the 1st quarter valued at $62,000. Finally, AlphaQuest LLC purchased a new stake in Goosehead Insurance in the 1st quarter valued at $72,000.

Goosehead Insurance Company Profile

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