Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $326,000.00 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Adrienne Kebodeaux sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $65.20, for a total transaction of $326,000.00. Following the transaction, the insider owned 280,027 shares in the company, valued at approximately $18,257,760.40. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Goosehead Insurance Stock Down 9.7%

GSHD stock traded down $6.86 during trading on Thursday, hitting $63.86. 806,747 shares of the company’s stock traded hands, compared to its average volume of 513,352. The firm has a market capitalization of $2.27 billion, a P/E ratio of 46.61, a PEG ratio of 2.48 and a beta of 1.41. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $93.90. The business has a fifty day simple moving average of $46.04 and a two-hundred day simple moving average of $48.80.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GSHD shares. Piper Sandler upped their price objective on Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $76.00 target price on shares of Goosehead Insurance in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Bank of America decreased their price target on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Finally, UBS Group raised their price target on shares of Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and an average price target of $68.45.

Hedge Funds Weigh In On Goosehead Insurance

A number of large investors have recently made changes to their positions in GSHD. Wasatch Advisors LP boosted its position in shares of 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 position in Goosehead Insurance by 38.5% during 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 in the last quarter. Durable Capital Partners LP raised its stake in Goosehead Insurance by 126.5% in the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after buying an additional 861,374 shares during the last quarter. DF Dent & Co. Inc. raised its stake in Goosehead Insurance by 3.2% in the fourth quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock valued at $76,939,000 after buying an additional 32,246 shares during the last quarter. Finally, State Street Corp raised its stake in Goosehead Insurance by 1.4% in the second quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after buying an additional 14,311 shares during the last quarter.

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.