Key Points
- Goosehead Insurance major shareholder Robyn Jones Descendants Mark sold 82,689 shares on May 22 at an average price of $41.77, totaling about $3.45 million. After the sale, the insider still owned 7,050,356 shares, a 1.16% decrease in ownership.
- The shareholder also made several additional sales recently, including 70,751 shares on May 21 and smaller sales earlier in May and late April. This indicates a pattern of ongoing insider selling over the past few weeks.
- GSHD stock was trading near $41.68, well below its 200-day moving average of $57.77, while analysts currently have a Hold consensus and an average price target of $67.45. The company recently beat EPS estimates but missed revenue expectations in its latest quarterly report.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the completion of the sale, the insider owned 7,050,356 shares in the company, valued at $294,493,370.12. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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 Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.36, for a total transaction of $2,926,261.36.
- On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The shares were 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 shares were 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 shares were sold at an average price of $49.06, for a total transaction of $8,781.74.
Goosehead Insurance Price Performance
GSHD stock opened at $41.68 on Friday. The company's 50 day simple moving average is $42.95 and its 200-day simple moving average is $57.77. The firm has a market capitalization of $1.48 billion, a PE ratio of 36.56, a P/E/G ratio of 1.47 and a beta of 1.62. Goosehead Insurance has a 12 month low of $35.83 and a 12 month high of $113.00.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. The business had revenue of $79.48 million for the quarter, compared to analyst estimates 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 prior year, the business earned $0.26 earnings per share. As a group, sell-side analysts anticipate that Goosehead Insurance will post 1.49 earnings per share for the current year.
Institutional Trading of Goosehead Insurance
Institutional investors have recently made changes to their positions in the stock. Phocas Financial Corp. purchased a new stake in shares of Goosehead Insurance during the 4th quarter valued at $3,669,000. Jacobson & Schmitt Advisors LLC raised its stake in shares of Goosehead Insurance by 31.8% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 136,553 shares of the company's stock valued at $10,162,000 after acquiring an additional 32,981 shares during the period. M&T Bank Corp raised its stake in shares of Goosehead Insurance by 1,075.4% in the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company's stock valued at $8,531,000 after acquiring an additional 105,979 shares during the period. UBS Group AG raised its stake in shares of Goosehead Insurance by 26.7% in the 4th quarter. UBS Group AG now owns 156,019 shares of the company's stock valued at $11,491,000 after acquiring an additional 32,920 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Goosehead Insurance by 15.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 98,847 shares of the company's stock valued at $7,356,000 after acquiring an additional 13,404 shares during the period.
Analysts Set New Price Targets
A number of analysts recently issued reports on GSHD shares. JPMorgan Chase & Co. decreased their target price on shares of Goosehead Insurance from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday, May 14th. Citizens Jmp decreased their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Monday, April 13th. Cantor Fitzgerald decreased their target price on shares of Goosehead Insurance from $84.00 to $67.00 and set an "overweight" rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods raised their target price on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings cut shares of 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $67.45.
Read Our Latest Stock Report on GSHD
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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