& Robyn Jones Descendants Mark Sells 5,307 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 5,307 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $48.07, for a total transaction of $255,107.49. Following the sale, the insider owned 7,214,193 shares of the company’s stock, valued at approximately $346,786,257.51. This represents a 0.07% decrease in their ownership of the stock. The transaction 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 shares are required to disclose their sales and purchases 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 shares were sold at an average price of $49.06, for a total transaction of $8,781.74.

Goosehead Insurance Stock Down 2.8%

GSHD stock opened at $43.52 on Friday. The company has a 50 day moving average of $45.57 and a two-hundred day moving average of $60.65. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 1.64 and a beta of 1.63. Goosehead Insurance has a 12-month low of $39.64 and a 12-month high of $114.76.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The business had revenue of $79.48 million for the quarter, compared to analysts’ expectations of $105.16 million. During the same period in the previous year, the company posted $0.26 EPS. Goosehead Insurance’s revenue was up 23.1% on a year-over-year basis. On average, research analysts anticipate that Goosehead Insurance will post 1.4 EPS for the current year.

Institutional Trading of Goosehead Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings 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 acquired a new stake in Goosehead Insurance in the 4th quarter worth approximately $41,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 purchasing an additional 393 shares during the period. Fifth Third Bancorp boosted its position in Goosehead Insurance by 71.4% during the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after purchasing an additional 284 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in Goosehead Insurance by 614.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 860 shares during the last quarter.

Analyst Ratings Changes

GSHD has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada boosted their price target on Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a research note on Thursday, April 23rd. BMO Capital Markets dropped their price objective on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. Truist Financial cut their price objective on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Finally, UBS Group lifted their target price on shares of Goosehead Insurance from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Monday. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and a consensus target price of $67.73.

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.