Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $2,240,292.60 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $104.76, for a total transaction of $2,240,292.60. Following the transaction, the insider now owns 132,349 shares in the company, valued at $13,864,881.24. The trade was a 13.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, May 12th, & Robyn Jones Descendants Mark sold 50,000 shares of Goosehead Insurance stock. The shares were sold at an average price of $103.74, for a total transaction of $5,187,000.00.
• On Thursday, May 8th, & Robyn Jones Descendants Mark sold 30,081 shares of Goosehead Insurance stock. The shares were sold at an average price of $101.95, for a total transaction of $3,066,757.95.
• On Monday, March 24th, & Robyn Jones Descendants Mark sold 43,712 shares of Goosehead Insurance stock. The shares were sold at an average price of $120.82, for a total transaction of $5,281,283.84.
• On Wednesday, March 12th, & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock. The shares were sold at an average price of $120.12, for a total transaction 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 transaction of $2,412,564.00.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $113.83 on Friday. Goosehead Insurance, Inc has a 1 year low of $54.80 and a 1 year high of $130.39. 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 market cap of $4.27 billion, a price-to-earnings ratio of 158.10, a PEG ratio of 5.17 and a beta of 1.45. The company has a fifty day moving average price of $108.92 and a 200-day moving average price of $111.63.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on GSHD. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Piper Sandler lowered their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Bank of America upped their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods upped their price objective on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Finally, UBS Group lowered their price objective on shares of Goosehead Insurance from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.40.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors have recently added to or reduced their stakes in GSHD. Mechanics Bank Trust Department grew its position in Goosehead Insurance by 4.5% during the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock valued at $274,000 after buying an additional 109 shares during the period. Atomi Financial Group Inc. grew its position in Goosehead Insurance by 12.5% during the fourth quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company’s stock valued at $371,000 after buying an additional 385 shares during the period. SG Americas Securities LLC grew its position in Goosehead Insurance by 885.5% during the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company’s stock valued at $5,539,000 after buying an additional 46,420 shares during the period. Janney Montgomery Scott LLC grew its position in Goosehead Insurance by 10.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,880 shares of the company’s stock valued at $738,000 after buying an additional 679 shares during the period. Finally, Cottonwood Capital Advisors LLC bought a new position in Goosehead Insurance during the fourth quarter valued at about $249,000.

Goosehead Insurance Company Profile

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.