Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $358,820.00 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) major shareholder Camille Peterson sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $51.26, for a total transaction of $358,820.00. The transaction was disclosed in a document filed with the SEC, which is available 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.

Shares of GSHD traded up $1.09 during midday trading on Thursday, hitting $50.44. The company had a trading volume of 194,583 shares, compared to its average volume of 230,061. The company’s 50 day moving average price is $65.47 and its 200 day moving average price is $96.49. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 308.46 and a beta of 0.87. Goosehead Insurance, Inc has a 52 week low of $43.66 and a 52 week high of $181.30.

Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its earnings results on Tuesday, April 26th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The company had revenue of $41.28 million during the quarter, compared to the consensus estimate of $41.69 million. Goosehead Insurance had a negative return on equity of 5.90% and a net margin of 2.20%. During the same period in the previous year, the firm posted ($0.02) EPS. On average, research analysts predict that Goosehead Insurance, Inc will post 0.28 EPS for the current fiscal year.

Several analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research note on Monday, January 24th. Royal Bank of Canada lowered their target price on shares of Goosehead Insurance from $140.00 to $120.00 in a research note on Wednesday, April 27th. Zacks Investment Research lowered shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Piper Sandler decreased their price target on shares of Goosehead Insurance from $120.00 to $75.00 in a report on Wednesday, April 27th. Finally, Truist Financial decreased their price target on shares of Goosehead Insurance from $75.00 to $60.00 in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $126.43.

Several hedge funds and other institutional investors have recently made changes to their positions in GSHD. Morgan Stanley lifted its holdings in shares of Goosehead Insurance by 114.8% in the 2nd quarter. Morgan Stanley now owns 52,364 shares of the company’s stock worth $6,664,000 after purchasing an additional 27,991 shares during the last quarter. Raymond James & Associates bought a new stake in Goosehead Insurance in the 3rd quarter valued at about $250,000. Swiss National Bank lifted its position in Goosehead Insurance by 1.0% in the 3rd quarter. Swiss National Bank now owns 40,700 shares of the company’s stock valued at $6,198,000 after purchasing an additional 400 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Goosehead Insurance by 10.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 5,573 shares of the company’s stock valued at $849,000 after purchasing an additional 540 shares during the last quarter. Finally, Barclays PLC lifted its position in Goosehead Insurance by 222.9% in the 3rd quarter. Barclays PLC now owns 7,239 shares of the company’s stock valued at $1,103,000 after purchasing an additional 4,997 shares during the last quarter.

Goosehead Insurance Company Profile (Get Rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.

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