Key Points
- Major shareholder & Robyn Jones Descendants Mark sold 9,588 Goosehead Insurance shares on May 27 at an average price of $40.76, worth about $390,807. The insider’s stake fell slightly by 0.14% to 6,995,180 shares.
- The filing shows a series of recent insider sales, including larger transactions earlier in the week, suggesting ongoing selling activity by the major shareholder.
- Goosehead Insurance reported better-than-expected earnings of $0.37 per share, but revenue missed analyst estimates. The stock was trading near $37.68, well below its 50-day and 200-day moving averages and far under its 52-week high.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88. Following the completion of the transaction, the insider owned 6,995,180 shares in the company, valued at approximately $285,123,536.80. This represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more 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 Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.07, for a total transaction of $1,826,711.16.
- 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 Stock Performance
Goosehead Insurance stock opened at $37.68 on Thursday. The firm has a market cap of $1.34 billion, a PE ratio of 33.05, a P/E/G ratio of 1.38 and a beta of 1.62. The firm's 50 day moving average price is $42.68 and its two-hundred day moving average price is $57.13. Goosehead Insurance has a twelve month low of $35.83 and a twelve month high of $113.00.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.17. The firm 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 revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. Equities analysts anticipate that Goosehead Insurance will post 1.49 EPS for the current fiscal year.
Institutional Investors Weigh In On Goosehead Insurance
Several institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. Durable Capital Partners LP lifted its holdings 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 worth $114,769,000 after purchasing an additional 861,374 shares during the last quarter. Wasatch Advisors LP lifted its holdings in Goosehead Insurance by 32.3% in the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company's stock worth $97,786,000 after purchasing an additional 559,087 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings 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 worth $147,448,000 after purchasing an additional 556,293 shares during the last quarter. Langdon Equity Partners acquired a new stake in Goosehead Insurance in the 4th quarter worth approximately $41,892,000. Finally, Janus Henderson Group PLC lifted its holdings in Goosehead Insurance by 3,485.1% in the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company's stock worth $16,506,000 after purchasing an additional 376,114 shares during the last quarter.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Goosehead Insurance from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. cut their price objective 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. UBS Group raised their price objective on shares of Goosehead Insurance from $81.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Citigroup reaffirmed an "outperform" rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. Finally, Citizens Jmp cut their price objective 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. Seven investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $66.73.
View Our Latest Report on Goosehead Insurance
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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