& Robyn Jones Descendants Mark Sells 44,382 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHDGet Rating) major shareholder & Robyn Jones Descendants Mark sold 44,382 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $60.11, for a total value of $2,667,802.02. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at approximately $7,955,498.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 Monday, August 1st, & Robyn Jones Descendants Mark sold 33,472 shares of Goosehead Insurance stock. The stock was sold at an average price of $55.95, for a total transaction of $1,872,758.40.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $57.22 on Friday. The company’s fifty day simple moving average is $50.63 and its two-hundred day simple moving average is $65.20. Goosehead Insurance, Inc has a 1 year low of $39.00 and a 1 year high of $181.30. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 520.23, a PEG ratio of 606.39 and a beta of 1.00.

Goosehead Insurance (NASDAQ:GSHDGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $53.00 million during the quarter, compared to the consensus estimate of $50.93 million. Goosehead Insurance had a negative return on equity of 3.53% and a net margin of 1.36%. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Goosehead Insurance by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,688,632 shares of the company’s stock worth $132,676,000 after purchasing an additional 22,485 shares during the period. Wasatch Advisors Inc. increased its holdings in shares of Goosehead Insurance by 30.7% in the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock worth $117,605,000 after purchasing an additional 351,769 shares during the period. Durable Capital Partners LP increased its holdings in shares of Goosehead Insurance by 24.4% in the first quarter. Durable Capital Partners LP now owns 932,444 shares of the company’s stock worth $73,262,000 after purchasing an additional 182,952 shares during the period. Capital World Investors increased its holdings in shares of Goosehead Insurance by 335.5% in the first quarter. Capital World Investors now owns 568,000 shares of the company’s stock worth $44,628,000 after purchasing an additional 437,576 shares during the period. Finally, State Street Corp grew its position in Goosehead Insurance by 13.1% in the first quarter. State Street Corp now owns 473,943 shares of the company’s stock worth $37,238,000 after acquiring an additional 54,772 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GSHD shares. Truist Financial lowered their price target on shares of Goosehead Insurance from $75.00 to $60.00 in a report on Wednesday, April 27th. Piper Sandler lowered their price target on shares of Goosehead Insurance from $75.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. JMP Securities lowered their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, June 24th. William Blair cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. Finally, Royal Bank of Canada lowered their price target on shares of Goosehead Insurance from $140.00 to $120.00 in a report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.33.

About Goosehead Insurance

(Get Rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.

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