& Robyn Jones Descendants Mark Sells 5,090 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 5,090 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $45.32, for a total value of $230,678.80. Following the transaction, the insider directly owned 7,203,796 shares in the company, valued at approximately $326,476,034.72. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 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 Stock Down 3.3%

Shares of NASDAQ:GSHD opened at $41.07 on Thursday. Goosehead Insurance has a twelve month low of $39.64 and a twelve month high of $114.76. The stock’s 50 day moving average is $45.44 and its 200-day moving average is $60.20. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 1.56 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last posted 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 the consensus estimate of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. Goosehead Insurance’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. Equities research analysts anticipate that Goosehead Insurance will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of Goosehead Insurance

Several institutional investors have recently made changes to their positions in GSHD. Durable Capital Partners LP lifted its position in shares of Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after purchasing an additional 861,374 shares in the last quarter. Wasatch Advisors LP grew its position in Goosehead Insurance by 32.3% in the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after purchasing an additional 559,087 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Goosehead Insurance by 38.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock valued at $147,448,000 after buying an additional 556,293 shares during the last quarter. Langdon Equity Partners purchased a new stake in Goosehead Insurance in the 4th quarter valued at about $41,892,000. Finally, Whitebark Investors LP bought a new position in shares of Goosehead Insurance during the 3rd quarter worth approximately $25,229,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GSHD shares. UBS Group lifted their price objective on shares of Goosehead Insurance from $81.00 to $85.00 and gave the company a “buy” rating in a report on Monday, April 27th. Royal Bank Of Canada raised their price target on shares of Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a research report on Thursday, April 23rd. 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 research note on Thursday, April 23rd. Wall Street Zen raised Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Truist Financial lowered their price objective on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $67.73.

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.