Goosehead Insurance (NASDAQ:GSHD – Get Free Report) major shareholder & The Bear Irrevocable Chick sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $65.03, for a total value of $325,150.00. Following the transaction, the insider directly owned 58,530 shares of the company’s stock, valued at approximately $3,806,205.90. The trade was a 7.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Goosehead Insurance Price Performance
Shares of NASDAQ:GSHD opened at $62.00 on Friday. The business’s 50 day moving average price is $46.88 and its 200-day moving average price is $48.81. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $93.90. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41.
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.47 by $0.17. The company had revenue of $95.63 million during the quarter, compared to analyst estimates of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, sell-side analysts expect that Goosehead Insurance will post 1.45 earnings per share for the current year.
Key Stories Impacting Goosehead Insurance
- Positive Sentiment: Durable Capital Partners recently purchased approximately 153,700 shares of Goosehead Insurance for about $9.1 million, increasing its position. The buying activity may signal confidence from a major institutional investor.
- Neutral Sentiment: J.P. Morgan reaffirmed its Hold rating on Goosehead Insurance, indicating limited conviction at current valuation levels. The broader analyst consensus also remains “Hold,” with a target price near the stock’s recent trading range. J.P. Morgan Remains a Hold on Goosehead Insurance
- Negative Sentiment: Major shareholders reported selling a combined 137,519 shares worth approximately $9.5 million. The largest transaction was a 125,000-share sale by the Robyn Jones Descendants Mark at an average price of $69.71, followed by additional sales from the same holder, Adrienne Kebodeaux and The Bear Irrevocable Trust. Although the Jones descendants still own roughly 6.87 million shares, the sales could reinforce concerns about insider confidence and increase near-term supply. Goosehead Insurance Insider Sales Filing
- Negative Sentiment: Goosehead’s latest quarterly results were mixed: earnings of $0.64 per share exceeded the $0.47 consensus estimate, but revenue of $95.63 million missed expectations of $103.30 million. Revenue nevertheless increased 20.6% year over year. With the stock trading at an elevated earnings multiple, investors may be particularly sensitive to signs of slower growth or further revenue disappointments.
Wall Street Analyst Weigh In
A number of research firms have recently commented on GSHD. Cantor Fitzgerald reissued an “overweight” rating and set a $76.00 target price on shares of Goosehead Insurance in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods decreased their price target on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Royal Bank Of Canada lifted their price objective on Goosehead Insurance from $55.00 to $58.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Piper Sandler boosted their price objective on Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $68.45.
Check Out Our Latest Stock Report on Goosehead Insurance
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its stake in Goosehead Insurance by 484.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after purchasing an additional 426 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after purchasing an additional 269 shares during the last quarter. Versant Capital Management Inc raised its holdings in Goosehead Insurance by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock valued at $37,000 after buying an additional 637 shares during the period. Kestra Advisory Services LLC acquired a new position in Goosehead Insurance in the fourth quarter valued at about $41,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after buying an additional 393 shares during the last quarter.
About Goosehead Insurance
Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.
Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.
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