Key Points
- Director Thomas McConnon sold 69,686 shares on Dec. 1 at an average price of $73.62 for proceeds of $5.13M, trimming his stake by 20.56% to 269,322 shares (≈$19.83M).
- Goosehead missed quarterly estimates (EPS $0.46 vs. $0.54 expected; revenue $90.44M vs. $94.25M), reported a net margin of 8.55% and negative ROE of 34.6%, and carries a MarketBeat consensus rating of "Hold" with a $92.20 target.
- The stock trades near $75.91 with a $2.8B market cap and a P/E of 67.18, and its 50‑day SMA ($70.19) sits below the 200‑day SMA ($86.21), reflecting recent weakness from its 52‑week high of $127.99.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) Director Thomas Mcconnon sold 69,686 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $73.62, for a total transaction of $5,130,283.32. Following the sale, the director 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 SEC, which can be accessed through the SEC website.
Goosehead Insurance Price Performance
Shares of GSHD opened at $75.91 on Thursday. Goosehead Insurance has a one year low of $64.40 and a one year high of $127.99. The company has a market cap of $2.80 billion, a P/E ratio of 67.18, a P/E/G ratio of 12.40 and a beta of 1.52. The firm has a 50 day simple moving average of $70.19 and a two-hundred day simple moving average of $86.21.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $90.44 million during the quarter, compared to analyst estimates of $94.25 million. During the same period in the prior year, the business posted $0.50 EPS. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Goosehead Insurance from $101.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, October 9th. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $110.00 to $79.00 and set a "market perform" rating on the stock in a research note on Tuesday, November 25th. UBS Group decreased their price target on shares of Goosehead Insurance from $130.00 to $121.00 and set a "buy" rating on the stock in a report on Monday, October 27th. Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, November 10th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Goosehead Insurance from $102.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and a consensus price target of $92.20.
Read Our Latest Research Report on GSHD
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in GSHD. Amundi boosted its position in Goosehead Insurance by 181.0% during the 1st quarter. Amundi now owns 51,524 shares of the company's stock worth $6,228,000 after buying an additional 33,188 shares during the period. Cresset Asset Management LLC acquired a new position in Goosehead Insurance in the 1st quarter valued at approximately $401,000. Public Sector Pension Investment Board raised its stake in shares of Goosehead Insurance by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 77,334 shares of the company's stock valued at $9,130,000 after acquiring an additional 16,570 shares during the last quarter. Nuveen LLC acquired a new position in shares of Goosehead Insurance during the first quarter worth $8,025,000. Finally, Index Fund Advisors Inc. bought a new stake in shares of Goosehead Insurance in the second quarter worth $1,510,000.
About Goosehead Insurance
(
Get Free Report)
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.
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