Key Points
- Goosehead Insurance major shareholder Robyn Jones Descendants Mark sold 45,588 shares on May 26 at an average price of $40.07, totaling about $1.83 million. The sale reduced the insider’s ownership by 0.65%, and the filing was disclosed with the SEC.
- The insider has been actively selling shares recently, including two larger transactions earlier in the week: 82,689 shares on May 22 and 70,751 shares on May 21. Additional smaller sales were reported in late April and early May.
- Goosehead Insurance shares were under pressure, opening at $40.00 and trading down 4.0% in the session, near the lower end of their 52-week range. Despite beating EPS estimates in its latest quarterly report, revenue came in below expectations.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 45,588 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $40.07, for a total transaction of $1,826,711.16. Following the completion of the sale, the insider owned 7,004,768 shares in the company, valued at approximately $280,681,053.76. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large 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 Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.77, for a total transaction of $3,453,919.53.
- 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 Trading Down 4.0%
GSHD opened at $40.00 on Wednesday. The company's 50 day moving average is $42.82 and its 200-day moving average is $57.34. Goosehead Insurance has a 1-year low of $35.83 and a 1-year high of $113.00. The company has a market cap of $1.42 billion, a P/E ratio of 35.09, a PEG ratio of 1.44 and a beta of 1.62.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly 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. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The company had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. During the same period last year, the company posted $0.26 EPS. The firm's quarterly revenue was up 23.1% compared to the same quarter last year. On average, equities analysts forecast that Goosehead Insurance will post 1.49 EPS for the current year.
Institutional Investors Weigh In On Goosehead Insurance
Several hedge funds have recently added to or reduced their stakes in GSHD. EverSource Wealth Advisors LLC boosted its position in Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock worth $34,000 after buying an additional 269 shares during the period. Kestra Advisory Services LLC bought a new position in Goosehead Insurance during the 4th quarter worth approximately $41,000. Northwestern Mutual Wealth Management Co. raised its holdings in Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock worth $47,000 after purchasing an additional 393 shares during the last quarter. Fifth Third Bancorp raised its holdings in Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company's stock worth $51,000 after purchasing an additional 284 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Goosehead Insurance by 614.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock worth $74,000 after purchasing an additional 860 shares during the last quarter.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Cantor Fitzgerald cut 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. Weiss Ratings downgraded shares of Goosehead Insurance from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, April 20th. Citigroup reiterated an "outperform" rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Wall Street Zen upgraded shares of Goosehead Insurance from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, UBS Group lifted their target price on shares of Goosehead Insurance from $81.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $66.73.
View Our Latest Stock Analysis 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.
Further Reading
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