Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 70,751 Shares

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 70,751 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $41.36, for a total value of $2,926,261.36. Following the completion of the transaction, the insider owned 7,133,045 shares in the company, valued at $295,022,741.20. The trade was a 0.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 Trading Up 2.7%

Goosehead Insurance stock opened at $42.49 on Friday. Goosehead Insurance has a 12 month low of $35.83 and a 12 month high of $113.00. The business’s 50 day simple moving average is $43.00 and its 200 day simple moving average is $57.88. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 1.49 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The business had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. Goosehead Insurance’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, equities research analysts forecast that Goosehead Insurance will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently bought and sold shares of the business. Phocas Financial Corp. bought a new stake in Goosehead Insurance during the 4th quarter valued at $3,669,000. Jacobson & Schmitt Advisors LLC raised its holdings in Goosehead Insurance by 31.8% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 136,553 shares of the company’s stock valued at $10,162,000 after acquiring an additional 32,981 shares during the period. UBS Group AG raised its holdings in Goosehead Insurance by 26.7% during the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock valued at $11,491,000 after acquiring an additional 32,920 shares during the period. M&T Bank Corp raised its holdings in Goosehead Insurance by 1,075.4% during the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after acquiring an additional 105,979 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in Goosehead Insurance by 15.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 98,847 shares of the company’s stock valued at $7,356,000 after acquiring an additional 13,404 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently commented on GSHD. UBS Group upped their price objective on Goosehead Insurance from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Truist Financial dropped their price objective on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. Royal Bank Of Canada upped their price objective on Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a research note on Thursday, April 23rd. Bank of America dropped their price objective on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Finally, Citigroup reiterated an “outperform” rating on shares of Goosehead Insurance in a research note 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. According to data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus target price of $67.45.

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.