Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating ) major shareholder and Robyn Jones Descendants Mark sold 42,336 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $57.70, for a total value of $2,442,787.20. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $7,636,537.30. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. Large shareholders who own at least 10% of a company’s stock are required to disclose their sales and purchases to the SEC.
& Robyn Jones Descendants Mark also recently made the following deal(s):
- On Wednesday, August 3rd & Robyn Jones Descendants Mark sold 44,382 shares of Goosehead Insurance stock. The shares were sold at an average price of $60.11, for a total value of $2,667,802.02.
- On Monday, August 1st & Robyn Jones Descendants Mark sold 33,472 shares of Goosehead Insurance stock. Shares were sold at an average price of $55.95 for a total value of $1,872,758.40.
Presentation of Goosehead Insurance shares
Shares of GSHD traded up $1.24 during trading hours on Monday, reaching $58.46. 378,085 shares of the stock traded hands, with an average volume of 260,361. Goosehead Insurance, Inc has a 12-month low of $39.00 and a 12-month high of $181.30. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 520.23, a price-to-earnings-growth ratio of 571.34 and a beta of 1.00. The stock’s 50-day moving average is $50.63, and the 200-day moving average is $64.83.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Goosehead Insurance had a negative return on equity of 3.53% and a net margin of 1.36%. The firm had revenue of $53.00 million for the quarter, compared to analysts’ expectations of $50.93 million. In the same quarter last year, the firm reported $0.07 earnings per share. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year.
Analysts set new price targets
A number of research analysts have issued reports on GSHD shares. JMP Securities cut their target price on Goosehead Insurance from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, June 24th. Piper Sandler reduced their price objective on Goosehead Insurance from $75.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Royal Bank of Canada reduced their price objective on Goosehead Insurance from $140.00 to $120.00 in a research report on Wednesday, April 27th. Truist Financial decreased their price objective on Goosehead Insurance from $75.00 to $60.00 in a research report on Wednesday, April 27th. Finally, William Blair lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $115.33, according to MarketBeat.com.
Goosehead Insurance Institutional Trading
Several large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in shares of Goosehead Insurance by 36.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,606 shares of the company’s stock valued at $1,580,000 after buying an additional 9,323 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Goosehead Insurance by 43.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 8,142 shares of the company’s stock valued at $372,000 after purchasing an additional 2,470 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Goosehead Insurance by 29.6% in the second quarter. Envestnet Asset Management Inc. now owns 49,570 shares of the company’s stock valued at $2,264,000 after purchasing an additional 11,333 shares in the last quarter. FDx Advisors Inc. boosted its holdings in Goosehead Insurance by 10.8% in the second quarter. FDx Advisors Inc. now owns 6,908 shares of the company’s stock valued at $315,000 after buying an additional 675 shares during the last quarter. Finally, Castle Wealth Management LLC purchased a new stake in Goosehead Insurance during the second quarter valued at $68,000.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc operates as the holding company for Goosehead Financial, LLC, which provides personal lines insurance agency services in the United States. The company operates in two segments, the Corporate Channel and the Franchise Channel. Offers products and services for homeowners insurance, insurance, auto, home insurance, flood, wind, earthquake, personal liability or umbrella, motorcycle, recreational vehicle, general liability, property and life insurance.
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