Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder Adrienne Kebodeaux sold 7,000 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $70.00, for a total value of $490,000.00. Following the sale, the insider directly owned 273,027 shares of the company's stock, valued at approximately $19,111,890. This trade represents a 2.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Adrienne Kebodeaux also recently made the following trade(s):
- On Tuesday, July 28th, Adrienne Kebodeaux sold 5,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $65.20, for a total value of $326,000.00.
Goosehead Insurance Price Performance
NASDAQ GSHD opened at $73.00 on Tuesday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 53.28, a P/E/G ratio of 2.60 and a beta of 1.38. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $89.24. The business's 50-day simple moving average is $56.57 and its 200-day simple moving average is $48.65.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.17. The business had revenue of $95.63 million during the quarter, compared to analysts' expectations of $103.30 million. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.The company's revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. On average, equities research analysts expect that Goosehead Insurance will post 1.45 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Goosehead Insurance from $55.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 23rd. Piper Sandler lifted their target price on shares of Goosehead Insurance from $52.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. UBS Group upped their price target on shares of Goosehead Insurance from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods lowered their price target on Goosehead Insurance from $80.00 to $72.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $76.00 price objective on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $68.45.
View Our Latest Research Report on Goosehead Insurance
Hedge Funds Weigh In On Goosehead Insurance
A number of institutional investors have recently made changes to their positions in the business. Langdon Equity Partners acquired a new stake in Goosehead Insurance in the fourth quarter valued at $41,892,000. UBS Group AG grew its holdings in Goosehead Insurance by 26.7% during the 4th quarter. UBS Group AG now owns 156,019 shares of the company's stock worth $11,491,000 after acquiring an additional 32,920 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Goosehead Insurance by 43,893.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company's stock worth $4,795,000 after purchasing an additional 64,963 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Goosehead Insurance by 226.5% in the 1st quarter. Wesbanco Bank Inc. now owns 32,000 shares of the company's stock worth $1,365,000 after purchasing an additional 22,200 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Goosehead Insurance by 23.2% in the 1st quarter. Principal Financial Group Inc. now owns 219,745 shares of the company's stock worth $9,374,000 after purchasing an additional 41,334 shares during the last quarter.
Goosehead Insurance Company Profile
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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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