Insider Selling: Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $390,806.88 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total value of $390,806.88. Following the sale, the insider owned 6,995,180 shares of the company’s stock, valued at approximately $285,123,536.80. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.07, for a total value of $1,826,711.16.
• On Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.77, for a total value of $3,453,919.53.
• 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

Shares of Goosehead Insurance stock opened at $34.39 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 1.22 and a beta of 1.62. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $113.00. The stock has a 50-day simple moving average of $42.27 and a 200-day simple moving average of $56.73.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.17. The business had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. As a group, equities research analysts predict that Goosehead Insurance will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Goosehead Insurance

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Goosehead Insurance by 28.2% during the 1st quarter. Bank of America Corp DE now owns 329,333 shares of the company’s stock worth $14,049,000 after purchasing an additional 72,527 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Goosehead Insurance by 3,485.1% during the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock worth $16,506,000 after purchasing an additional 376,114 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Goosehead Insurance by 45.6% during the 1st quarter. California State Teachers Retirement System now owns 35,351 shares of the company’s stock worth $1,508,000 after purchasing an additional 11,072 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Goosehead Insurance by 8.9% during the 1st quarter. Royal Bank of Canada now owns 73,306 shares of the company’s stock worth $3,127,000 after purchasing an additional 5,965 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Goosehead Insurance by 52.7% during the 1st quarter. Quantinno Capital Management LP now owns 31,878 shares of the company’s stock worth $1,360,000 after purchasing an additional 11,003 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings cut Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Wall Street Zen raised Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Citizens Jmp reduced their price target on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. JPMorgan Chase & Co. reduced their price target on Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $66.73.

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.