Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 5,307 shares of the company's stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $48.07, for a total transaction of $255,107.49. Following the completion of the sale, the insider directly owned 7,214,193 shares of the company's stock, valued at $346,786,257.51. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 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 stock was sold at an average price of $49.06, for a total transaction of $8,781.74.
Goosehead Insurance Stock Down 5.1%
GSHD opened at $44.79 on Friday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 1.73 and a beta of 1.69. Goosehead Insurance has a twelve month low of $39.64 and a twelve month high of $114.76. The company's 50-day moving average price is $45.57 and its two-hundred day moving average price is $60.65.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.17. The firm had revenue of $79.48 million for the quarter, compared to analysts' expectations of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company's quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, sell-side analysts anticipate that Goosehead Insurance will post 1.4 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Bank of America dropped their target price on shares of Goosehead Insurance from $43.00 to $37.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 14th. UBS Group lifted their price objective on Goosehead Insurance from $81.00 to $85.00 and gave the stock a "buy" rating in a report on Monday. Citigroup reissued an "outperform" rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Truist Financial decreased their price objective on Goosehead Insurance from $72.00 to $58.00 and set a "hold" rating for the company in a report on Wednesday, February 18th. Finally, Piper Sandler decreased their price objective on Goosehead Insurance from $69.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, April 23rd. 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 stock. According to data from MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and an average price target of $67.73.
Read Our Latest Stock Report on GSHD
Institutional Trading of Goosehead Insurance
A number of institutional investors have recently modified their holdings of GSHD. Durable Capital Partners LP lifted its stake in shares of Goosehead Insurance by 126.5% during the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company's stock valued at $114,769,000 after buying an additional 861,374 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of Goosehead Insurance by 32.3% during the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company's stock valued at $97,786,000 after buying an additional 559,087 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Goosehead Insurance by 38.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company's stock valued at $147,448,000 after buying an additional 556,293 shares in the last quarter. Langdon Equity Partners purchased a new stake in shares of Goosehead Insurance during the 4th quarter valued at approximately $41,892,000. Finally, Whitebark Investors LP purchased a new stake in shares of Goosehead Insurance during the 3rd quarter valued at approximately $25,229,000.
Goosehead Insurance Company Profile
(
Get Free Report)
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.
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