Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells 2,519 Shares

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 2,519 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $66.27, for a total value of $166,934.13. Following the sale, the insider directly owned 6,870,180 shares in the company, valued at approximately $455,286,828.60. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• On Wednesday, July 29th, & Robyn Jones Descendants Mark sold 125,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $69.71, for a total value of $8,713,750.00.
• On Wednesday, May 27th, & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.76, for a total value of $390,806.88.
• On Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.07, for a total value of $1,826,711.16.
• On Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.77, for a total value of $3,453,919.53.
• On Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The stock was sold at an average price of $41.36, for a total value of $2,926,261.36.
• On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The shares were sold at an average price of $45.32, for a total value of $230,678.80.

Goosehead Insurance Price Performance

NASDAQ GSHD traded down $6.86 during trading hours on Thursday, reaching $63.86. The company’s stock had a trading volume of 806,747 shares, compared to its average volume of 513,352. The firm has a fifty day simple moving average of $46.04 and a 200-day simple moving average of $48.80. The stock has a market cap of $2.27 billion, a P/E ratio of 46.61, a P/E/G ratio of 2.48 and a beta of 1.41. Goosehead Insurance has a 52 week low of $33.68 and a 52 week high of $93.90.

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

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds have recently bought and sold shares of the company. Phocas Financial Corp. acquired a new stake in Goosehead Insurance during the 4th quarter worth about $3,669,000. M&T Bank Corp lifted its stake in shares of Goosehead Insurance by 1,075.4% in the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after purchasing an additional 105,979 shares during the period. Langdon Equity Partners bought a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $41,892,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Goosehead Insurance by 43,893.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock valued at $4,795,000 after purchasing an additional 64,963 shares in the last quarter. Finally, UBS Group AG grew its stake in Goosehead Insurance by 26.7% during the fourth quarter. UBS Group AG now owns 156,019 shares of the company’s stock worth $11,491,000 after purchasing an additional 32,920 shares during the period.

Wall Street Analysts Forecast Growth

GSHD has been the topic of several analyst reports. Piper Sandler boosted their price objective on shares of Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Citizens Jmp lowered their target price on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Keefe, Bruyette & Woods cut their target price on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Finally, Weiss Ratings raised Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and an average target price 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.