Goosehead Insurance (NASDAQ:GSHD – Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $41.77, for a total value of $3,453,919.53. Following the sale, the insider owned 7,050,356 shares of the company’s stock, valued at approximately $294,493,370.12. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 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 Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.36, for a total value of $2,926,261.36.
- On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The shares were sold at an average price of $45.32, for a total value of $230,678.80.
- On Wednesday, April 29th, & Robyn Jones Descendants Mark sold 5,307 shares of Goosehead Insurance stock. The shares were sold at an average price of $48.07, for a total value of $255,107.49.
- On Tuesday, April 28th, & Robyn Jones Descendants Mark sold 179 shares of Goosehead Insurance stock. The shares were sold at an average price of $49.06, for a total value of $8,781.74.
Goosehead Insurance Price Performance
Goosehead Insurance stock traded down $0.81 during mid-day trading on Friday, reaching $41.68. 545,878 shares of the stock traded hands, compared to its average volume of 458,363. The stock has a market capitalization of $1.48 billion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 1.49 and a beta of 1.62. Goosehead Insurance has a 12-month low of $35.83 and a 12-month high of $113.00. The business’s 50-day moving average is $43.00 and its 200-day moving average is $57.88.
Analysts Set New Price Targets
Several analysts have issued reports on GSHD shares. Piper Sandler cut their price target on Goosehead Insurance from $69.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. UBS Group boosted their price target on Goosehead Insurance from $81.00 to $85.00 and gave the company a “buy” rating in a report on Monday, April 27th. JPMorgan Chase & Co. cut their price target on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Citizens Jmp cut their price target on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Finally, Cantor Fitzgerald cut their price target on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Goosehead Insurance has an average rating of “Hold” and a consensus target price of $67.45.
Read Our Latest Stock Analysis on Goosehead Insurance
Hedge Funds Weigh In On Goosehead Insurance
A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Goosehead Insurance by 28.2% in the first quarter. Bank of America Corp DE now owns 329,333 shares of the company’s stock worth $14,049,000 after acquiring an additional 72,527 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Goosehead Insurance by 3,485.1% in the first quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock worth $16,506,000 after acquiring an additional 376,114 shares during the period. California State Teachers Retirement System boosted its stake in shares of Goosehead Insurance by 45.6% in the first quarter. California State Teachers Retirement System now owns 35,351 shares of the company’s stock worth $1,508,000 after acquiring an additional 11,072 shares during the period. Royal Bank of Canada boosted its stake in shares of Goosehead Insurance by 8.9% in the first quarter. Royal Bank of Canada now owns 73,306 shares of the company’s stock worth $3,127,000 after acquiring an additional 5,965 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of Goosehead Insurance by 52.7% in the first quarter. Quantinno Capital Management LP now owns 31,878 shares of the company’s stock worth $1,360,000 after acquiring an additional 11,003 shares during the period.
Goosehead Insurance Company Profile
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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