Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 5,090 shares of the company's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $45.32, for a total value of $230,678.80. Following the transaction, the insider directly owned 7,203,796 shares in the company, valued at $326,476,034.72. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Wednesday, April 29th, & Robyn Jones Descendants Mark sold 5,307 shares of Goosehead Insurance stock. The stock was sold at an average price of $48.07, for a total value of $255,107.49.
- 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 value of $8,781.74.
Goosehead Insurance Stock Down 2.6%
Shares of NASDAQ:GSHD opened at $42.46 on Wednesday. Goosehead Insurance has a twelve month low of $39.64 and a twelve month high of $114.76. The stock's 50 day moving average is $45.53 and its 200-day moving average is $60.37. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 1.60 and a beta of 1.62.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same period in the prior year, the firm earned $0.26 earnings per share. Goosehead Insurance's revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts anticipate that Goosehead Insurance will post 1.4 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Royal Bank Of Canada upped their price target on Goosehead Insurance from $49.00 to $52.00 and gave the stock a "sector perform" rating in a report on Thursday, April 23rd. Cantor Fitzgerald decreased their price target on Goosehead Insurance from $84.00 to $67.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. Bank of America decreased their price target on Goosehead Insurance from $43.00 to $37.00 and set an "underperform" rating for the company in a report on Tuesday, April 14th. Wall Street Zen upgraded Goosehead Insurance from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Finally, Citizens Jmp decreased their price target on Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating for the company in a report on Monday, April 13th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.73.
Get Our Latest Stock Report on Goosehead Insurance
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of GSHD. Durable Capital Partners LP grew its stake in Goosehead Insurance by 126.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company's stock valued at $114,769,000 after purchasing an additional 861,374 shares during the period. Wasatch Advisors LP grew its stake in Goosehead Insurance by 32.3% in the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company's stock valued at $97,786,000 after purchasing an additional 559,087 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Goosehead Insurance by 38.5% in 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 purchasing an additional 556,293 shares during the period. Langdon Equity Partners bought a new position in Goosehead Insurance in the 4th quarter valued at $41,892,000. Finally, Whitebark Investors LP bought a new position in Goosehead Insurance in the 3rd quarter valued at $25,229,000.
About Goosehead Insurance
(
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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