& Robyn Jones Descendants Mark Sells 45,588 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 45,588 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $40.07, for a total transaction of $1,826,711.16. Following the completion of the sale, the insider owned 7,004,768 shares in the company, valued at $280,681,053.76. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, May 27th, & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88.
• 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 transaction of $3,453,919.53.
• On Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The shares were 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 transaction 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 transaction 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 transaction of $8,781.74.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $37.68 on Thursday. The company has a market capitalization of $1.34 billion, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62. The company’s 50 day moving average price is $42.68 and its two-hundred day moving average price is $57.13. Goosehead Insurance has a 52 week low of $35.83 and a 52 week high of $113.00.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.20 by $0.17. The firm had revenue of $79.48 million for 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%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. Analysts forecast that Goosehead Insurance will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on GSHD shares. Weiss Ratings downgraded shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Bank of America dropped their target price on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Royal Bank Of Canada raised their target price on shares of Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Citigroup restated an “outperform” rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Finally, Cantor Fitzgerald decreased their price target on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. 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.com, the company has an average rating of “Hold” and an average target price of $66.73.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds have recently made changes to their positions in the business. Meixler Investment Management Ltd. grew its stake in shares of Goosehead Insurance by 5.3% during the 4th quarter. Meixler Investment Management Ltd. now owns 4,355 shares of the company’s stock worth $321,000 after acquiring an additional 220 shares in the last quarter. Gibbs Wealth Management grew its stake in shares of Goosehead Insurance by 3.8% during the 4th quarter. Gibbs Wealth Management now owns 6,133 shares of the company’s stock worth $459,000 after acquiring an additional 227 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Goosehead Insurance by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,022 shares of the company’s stock worth $1,268,000 after acquiring an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after acquiring an additional 284 shares in the last quarter.

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.