Goosehead Insurance Inc (NASDAQ:GSHD) insider Mark E. Jr. Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $35.06, for a total transaction of $350,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of GSHD stock traded down $0.24 during trading hours on Wednesday, hitting $35.29. 154,997 shares of the company were exchanged, compared to its average volume of 137,702. Goosehead Insurance Inc has a 52 week low of $14.90 and a 52 week high of $38.18. The company has a market capitalization of $486.92 million and a price-to-earnings ratio of 176.45.
Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Goosehead Insurance had a negative net margin of 9.36% and a negative return on equity of 17.75%. The company had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.30 million. The company’s quarterly revenue was up 58.6% compared to the same quarter last year. As a group, sell-side analysts predict that Goosehead Insurance Inc will post 0.45 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of Goosehead Insurance by 487.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock worth $57,000 after acquiring an additional 1,685 shares in the last quarter. Advisor Group Inc. bought a new stake in shares of Goosehead Insurance during the first quarter worth $61,000. Nisa Investment Advisors LLC bought a new stake in shares of Goosehead Insurance during the first quarter worth $84,000. Metropolitan Life Insurance Co. NY increased its position in shares of Goosehead Insurance by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,219 shares of the company’s stock worth $85,000 after acquiring an additional 2,514 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Goosehead Insurance during the first quarter worth $102,000. 75.04% of the stock is owned by institutional investors.
Several brokerages have commented on GSHD. Zacks Investment Research downgraded shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Keefe, Bruyette & Woods set a $32.00 target price on shares of Goosehead Insurance and gave the company a “hold” rating in a research note on Tuesday, March 19th. Bank of America reaffirmed a “buy” rating and issued a $37.00 target price (up previously from $35.00) on shares of Goosehead Insurance in a research note on Friday, May 3rd. Finally, ValuEngine raised shares of Goosehead Insurance from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.50.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
Further Reading: Support Level
Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.