Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 2,064 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $43.67, for a total transaction of $90,134.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Goosehead Insurance stock traded up $0.03 during trading hours on Friday, hitting $43.50. The company had a trading volume of 109,018 shares, compared to its average volume of 166,430. The firm has a market capitalization of $678.69 million, a P/E ratio of 217.50, a price-to-earnings-growth ratio of 2.64 and a beta of 0.31. The firm’s fifty day moving average is $45.90 and its 200-day moving average is $35.81. Goosehead Insurance Inc has a fifty-two week low of $20.49 and a fifty-two week high of $51.47.
Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The company had revenue of $19.40 million during the quarter, compared to analyst estimates of $19.83 million. Goosehead Insurance had a net margin of 5.06% and a negative return on equity of 14.52%. The company’s revenue was up 31.1% on a year-over-year basis. As a group, analysts expect that Goosehead Insurance Inc will post 0.34 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in GSHD. Equitable Trust Co. bought a new stake in Goosehead Insurance in the 2nd quarter valued at $321,000. Ashford Capital Management Inc. bought a new stake in Goosehead Insurance in the 2nd quarter valued at $14,474,000. Nuveen Asset Management LLC bought a new stake in Goosehead Insurance in the 2nd quarter valued at $2,067,000. Wildcat Capital Management LLC bought a new stake in Goosehead Insurance in the 2nd quarter valued at $3,324,000. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Goosehead Insurance by 264.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 84,101 shares of the company’s stock valued at $4,020,000 after purchasing an additional 61,012 shares during the period. Hedge funds and other institutional investors own 80.29% of the company’s stock.
Several research firms have weighed in on GSHD. Bank of America reiterated a “buy” rating and issued a $55.00 price objective (up previously from $37.00) on shares of Goosehead Insurance in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Goosehead Insurance from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, August 7th. Finally, ValuEngine lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
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.
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