Serena Jones Sells 10,388 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) major shareholder Serena Jones sold 10,388 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $58.11, for a total value of $603,646.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Serena Jones also recently made the following trade(s):

• On Wednesday, May 17th, Serena Jones sold 23,010 shares of Goosehead Insurance stock. The shares were sold at an average price of $58.27, for a total value of $1,340,792.70.

Goosehead Insurance Price Performance

GSHD stock opened at $57.62 on Tuesday. The company has a market cap of $2.16 billion, a P/E ratio of 443.26, a price-to-earnings-growth ratio of 3.47 and a beta of 1.20. Goosehead Insurance, Inc has a 1 year low of $29.23 and a 1 year high of $71.04. The stock’s fifty day moving average price is $54.11 and its 200-day moving average price is $45.12.

Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. Goosehead Insurance had a negative return on equity of 6.68% and a net margin of 1.21%. The firm had revenue of $57.96 million for the quarter, compared to the consensus estimate of $53.73 million. During the same period last year, the business posted ($0.11) EPS. The company’s revenue for the quarter was up 40.4% on a year-over-year basis. As a group, analysts expect that Goosehead Insurance, Inc will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On Goosehead Insurance

A number of institutional investors have recently bought and sold shares of GSHD. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Goosehead Insurance by 62.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,074,160 shares of the company’s stock worth $109,563,000 after purchasing an additional 1,182,690 shares during the period. William Blair Investment Management LLC bought a new position in Goosehead Insurance in the 4th quarter worth $16,781,000. Capital World Investors raised its holdings in Goosehead Insurance by 335.5% in 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. Wasatch Advisors Inc. raised its holdings in Goosehead Insurance by 30.7% in 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. Finally, Ashford Capital Management Inc. raised its holdings in Goosehead Insurance by 172.5% in the 4th quarter. Ashford Capital Management Inc. now owns 474,215 shares of the company’s stock worth $16,285,000 after purchasing an additional 300,185 shares during the period. 99.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, February 23rd. Royal Bank of Canada cut their target price on Goosehead Insurance from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. Truist Financial increased their target price on Goosehead Insurance from $40.00 to $50.00 in a research note on Thursday, April 27th. Credit Suisse Group reiterated an “outperform” rating and set a $72.00 target price on shares of Goosehead Insurance in a research note on Wednesday, March 1st. Finally, Piper Sandler increased their target price on Goosehead Insurance from $59.00 to $64.00 in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.29.

About Goosehead Insurance

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Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines of insurance. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.