& Robyn Jones Descendants Mark Sells 50,000 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $103.74, for a total transaction of $5,187,000.00. Following the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $13,729,885.26. This represents a 27.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• On Wednesday, May 14th, & Robyn Jones Descendants Mark sold 21,385 shares of Goosehead Insurance stock. The stock was sold at an average price of $104.76, for a total transaction of $2,240,292.60.
• On Thursday, May 8th, & Robyn Jones Descendants Mark sold 30,081 shares of Goosehead Insurance stock. The stock was sold at an average price of $101.95, for a total value of $3,066,757.95.
• On Monday, March 24th, & Robyn Jones Descendants Mark sold 43,712 shares of Goosehead Insurance stock. The stock was sold at an average price of $120.82, for a total value of $5,281,283.84.
• On Wednesday, March 12th, & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock. The stock was sold at an average price of $120.12, for a total value of $60,060.00.
• On Wednesday, March 5th, & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00.

Goosehead Insurance Trading Up 2.7%

Shares of GSHD opened at $108.90 on Friday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $108.98 and a 200-day simple moving average of $111.59. Goosehead Insurance, Inc has a 1-year low of $54.80 and a 1-year high of $130.39. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 151.25, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $75.58 million during the quarter, compared to analysts’ expectations of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. Equities analysts forecast that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

GSHD has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, February 25th. UBS Group dropped their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. dropped their price objective on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Truist Financial reaffirmed a “hold” rating and issued a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, BMO Capital Markets dropped their price target on Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating for the company in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Hold” and an average price target of $115.40.

Institutional Trading of Goosehead Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GSHD. FJ Capital Management LLC grew its holdings in shares of Goosehead Insurance by 34.4% during the first quarter. FJ Capital Management LLC now owns 34,498 shares of the company’s stock worth $4,073,000 after buying an additional 8,837 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Goosehead Insurance in the 1st quarter worth approximately $1,131,000. Driehaus Capital Management LLC purchased a new stake in Goosehead Insurance in the 1st quarter worth approximately $22,003,000. Jump Financial LLC purchased a new stake in shares of Goosehead Insurance in the first quarter valued at $1,178,000. Finally, SVB Wealth LLC purchased a new stake in shares of Goosehead Insurance in the first quarter valued at $62,000.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.