Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 100,000 Shares of Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 100,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $65.31, for a total transaction of $6,531,000.00. Following the sale, the insider directly owned 6,767,661 shares of the company’s stock, valued at approximately $441,995,939.91. This trade represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, August 4th, & Robyn Jones Descendants Mark sold 22,481 shares of Goosehead Insurance stock. The shares were sold at an average price of $66.87, for a total value of $1,503,304.47.
• On Thursday, July 30th, & Robyn Jones Descendants Mark sold 2,519 shares of Goosehead Insurance stock. The shares were sold at an average price of $66.27, for a total value of $166,934.13.
• On Wednesday, July 29th, & Robyn Jones Descendants Mark sold 125,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $69.71, for a total value of $8,713,750.00.
• On Wednesday, May 27th, & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.76, for a total value of $390,806.88.
• 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 stock was sold at an average price of $41.36, for a total value of $2,926,261.36.

Goosehead Insurance Price Performance

Goosehead Insurance stock traded down $1.61 during midday trading on Wednesday, hitting $66.95. 461,154 shares of the company were exchanged, compared to its average volume of 515,081. The company has a market cap of $2.38 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 2.35 and a beta of 1.38. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $90.79. The company’s fifty day moving average price is $47.93 and its 200-day moving average price is $48.57.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.17. The company had revenue of $95.63 million during the quarter, compared to the consensus estimate of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. Goosehead Insurance’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, analysts expect that Goosehead Insurance will post 1.45 EPS for the current fiscal year.

Institutional Trading of Goosehead Insurance

Hedge funds have recently made changes to their positions in the stock. Meixler Investment Management Ltd. raised its holdings in Goosehead Insurance by 5.3% in the fourth quarter. Meixler Investment Management Ltd. now owns 4,355 shares of the company’s stock valued at $321,000 after acquiring an additional 220 shares in the last quarter. Gibbs Wealth Management increased its position in shares of Goosehead Insurance by 3.8% in the 4th quarter. Gibbs Wealth Management now owns 6,133 shares of the company’s stock worth $459,000 after purchasing an additional 227 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Goosehead Insurance by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company’s stock worth $1,268,000 after purchasing an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Goosehead Insurance by 5.0% in the 4th quarter. Blair William & Co. IL now owns 6,831 shares of the company’s stock valued at $503,000 after purchasing an additional 323 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $76.00 price target on shares of Goosehead Insurance in a report on Thursday, July 23rd. Royal Bank Of Canada boosted their price objective on shares of 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 upped their price objective on shares of Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Citizens Jmp lowered their target price on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Finally, UBS Group lifted their target price on Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.45.

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.