Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 9,588 Shares

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total value of $390,806.88. Following the completion of the sale, the insider owned 6,995,180 shares of the company’s stock, valued at approximately $285,123,536.80. This trade represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% 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, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.07, for a total transaction of $1,826,711.16.
• On Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The stock was sold at an average price of $41.77, for a total transaction 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 transaction of $2,926,261.36.
• On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The stock was 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 stock was 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 stock was sold at an average price of $49.06, for a total value of $8,781.74.

Goosehead Insurance Stock Down 5.8%

GSHD opened at $37.68 on Thursday. The firm has a market cap of $1.34 billion, a PE ratio of 33.05, a P/E/G ratio of 1.38 and a beta of 1.62. The business has a fifty day simple moving average of $42.68 and a 200-day simple moving average of $57.13. Goosehead Insurance has a fifty-two week low of $35.83 and a fifty-two week high of $113.00.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping 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 company’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. On average, equities research analysts anticipate that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GSHD has been the subject of several research reports. Wall Street Zen raised Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Royal Bank Of Canada raised their price objective on Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Bank of America lowered their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Finally, UBS Group lifted their price objective on shares of Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Seven equities 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $66.73.

Hedge Funds Weigh In On Goosehead Insurance

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings 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 during the period. Kestra Advisory Services LLC acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. increased its stake in Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after buying an additional 393 shares during the period. Fifth Third Bancorp increased its stake in Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after buying an additional 284 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Goosehead Insurance by 614.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after buying an additional 860 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.