Key Points
- Goosehead Insurance major shareholder Robyn Jones Descendants Mark sold 70,751 shares on May 21 at an average price of $41.36, totaling about $2.93 million. After the sale, the holder still owned 7,133,045 shares worth roughly $295 million.
- The stock has seen more insider selling recently, including additional sales on May 1, April 29, and April 28, indicating a pattern of trimming the position over the past month.
- Goosehead’s latest earnings beat profit expectations but missed revenue estimates, with quarterly EPS of $0.37 versus the expected $0.20, while revenue came in at $79.48 million against $105.16 million forecast. Analysts currently rate the stock a consensus Hold with a $67.45 price target.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 70,751 shares of the company's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $41.36, for a total transaction of $2,926,261.36. Following the completion of the transaction, the insider directly owned 7,133,045 shares in the company, valued at approximately $295,022,741.20. The trade was a 0.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
& Robyn Jones Descendants Mark also recently made the following trade(s):
- On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The stock was sold at an average price of $45.32, for a total transaction of $230,678.80.
- 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 transaction 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 transaction of $8,781.74.
Goosehead Insurance Stock Performance
Goosehead Insurance stock opened at $42.49 on Friday. The stock has a market cap of $1.51 billion, a P/E ratio of 37.27, a PEG ratio of 1.49 and a beta of 1.62. Goosehead Insurance has a fifty-two week low of $35.83 and a fifty-two week high of $113.00. The firm's fifty day moving average price is $43.00 and its 200-day moving average price is $57.88.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate 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 business's quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Sell-side analysts predict that Goosehead Insurance will post 1.43 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Phocas Financial Corp. bought a new position in Goosehead Insurance in the fourth quarter valued at $3,669,000. Jacobson & Schmitt Advisors LLC boosted its position in Goosehead Insurance by 31.8% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 136,553 shares of the company's stock valued at $10,162,000 after buying an additional 32,981 shares during the period. M&T Bank Corp boosted its position in Goosehead Insurance by 1,075.4% during the fourth quarter. M&T Bank Corp now owns 115,834 shares of the company's stock valued at $8,531,000 after buying an additional 105,979 shares during the period. UBS Group AG boosted its position in Goosehead Insurance by 26.7% during the fourth quarter. UBS Group AG now owns 156,019 shares of the company's stock valued at $11,491,000 after buying an additional 32,920 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in Goosehead Insurance by 15.7% during the third quarter. Public Sector Pension Investment Board now owns 98,847 shares of the company's stock valued at $7,356,000 after buying an additional 13,404 shares during the period.
Analyst Ratings Changes
A number of research analysts recently commented on GSHD shares. Citizens Jmp reduced their target price on Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Monday, April 13th. Cantor Fitzgerald reduced their target price on Goosehead Insurance from $84.00 to $67.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. Citigroup reissued an "outperform" rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. JPMorgan Chase & Co. reduced their target price on Goosehead Insurance from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, May 14th. Finally, Weiss Ratings cut Goosehead Insurance from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $67.45.
Get Our Latest Stock Report on Goosehead Insurance
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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