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

Goosehead Insurance (NASDAQ:GSHD) major shareholder Adrienne Kebodeaux sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 273,027 shares of the company’s stock, valued at $19,111,890. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 shares were sold at an average price of $65.20, for a total value of $326,000.00.

Goosehead Insurance Stock Up 0.7%

Shares of GSHD stock opened at $73.00 on Tuesday. The stock has a market cap of $2.59 billion, a P/E ratio of 53.28, a P/E/G ratio of 2.60 and a beta of 1.38. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $89.24. The business has a fifty day simple moving average of $56.57 and a 200-day simple moving average of $48.65.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on GSHD shares. UBS Group increased their target price on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 27th. Piper Sandler boosted their price target on Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $76.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Seven equities 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in shares of Goosehead Insurance by 85.7% in the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock worth $511,000 after acquiring an additional 1,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Goosehead Insurance by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after purchasing an additional 578 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after purchasing an additional 164,693 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Goosehead Insurance by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after purchasing an additional 3,218 shares during the period. Finally, Intech Investment Management LLC raised its stake in Goosehead Insurance by 28.2% during the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after purchasing an additional 2,461 shares during the period.

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.