Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $1,872,758.40 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHDGet Rating) major shareholder & Robyn Jones Descendants Mark sold 33,472 shares of Goosehead Insurance stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $55.95, for a total value of $1,872,758.40. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $7,404,926.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major 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 Wednesday, August 3rd, & Robyn Jones Descendants Mark sold 44,382 shares of Goosehead Insurance stock. The stock was sold at an average price of $60.11, for a total value of $2,667,802.02.

Goosehead Insurance Stock Down 0.4 %

Shares of NASDAQ GSHD opened at $60.50 on Friday. Goosehead Insurance, Inc has a 52-week low of $39.00 and a 52-week high of $181.30. The firm has a fifty day moving average of $50.59 and a 200-day moving average of $65.45. The stock has a market capitalization of $2.25 billion, a PE ratio of 550.05, a P/E/G ratio of 594.71 and a beta of 1.00.

Goosehead Insurance (NASDAQ:GSHDGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Goosehead Insurance had a net margin of 1.36% and a negative return on equity of 3.53%. The company had revenue of $53.00 million for the quarter, compared to analysts’ expectations of $50.93 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was up 38.7% on a year-over-year basis.

Institutional Trading of Goosehead Insurance

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Goosehead Insurance by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 1,688,632 shares of the company’s stock worth $132,676,000 after purchasing an additional 22,485 shares during the period. Wasatch Advisors Inc. boosted its position in Goosehead Insurance by 30.7% during the 1st quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock worth $117,605,000 after purchasing an additional 351,769 shares during the period. Durable Capital Partners LP boosted its position in Goosehead Insurance by 24.4% during the 1st quarter. Durable Capital Partners LP now owns 932,444 shares of the company’s stock worth $73,262,000 after purchasing an additional 182,952 shares during the period. Capital World Investors boosted its position in Goosehead Insurance by 335.5% during the 1st quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after purchasing an additional 437,576 shares during the period. Finally, State Street Corp boosted its position in Goosehead Insurance by 13.1% during the 1st quarter. State Street Corp now owns 473,943 shares of the company’s stock worth $37,238,000 after purchasing an additional 54,772 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GSHD. JMP Securities cut their price objective on Goosehead Insurance from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, June 24th. Piper Sandler cut their price target on Goosehead Insurance from $75.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Truist Financial cut their price target on Goosehead Insurance from $75.00 to $60.00 in a report on Wednesday, April 27th. Royal Bank of Canada cut their price target on Goosehead Insurance from $140.00 to $120.00 in a report on Wednesday, April 27th. Finally, William Blair downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $115.33.

About Goosehead Insurance

(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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Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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