Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 12,700 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHDGet Rating) major shareholder & Robyn Jones Descendants Mark sold 12,700 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $40.51, for a total value of $514,477.00. Following the completion of the sale, the insider now directly owns 132,349 shares of the company’s stock, valued at $5,361,457.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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, November 16th, & Robyn Jones Descendants Mark sold 8,764 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.19, for a total value of $352,225.16.
  • On Monday, November 14th, & Robyn Jones Descendants Mark sold 3,702 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.14, for a total value of $148,598.28.
  • On Wednesday, November 2nd, & Robyn Jones Descendants Mark sold 1,106 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.07, for a total value of $44,317.42.
  • On Monday, October 31st, & Robyn Jones Descendants Mark sold 35,801 shares of Goosehead Insurance stock. The stock was sold at an average price of $41.08, for a total value of $1,470,705.08.
  • On Friday, August 26th, & Robyn Jones Descendants Mark sold 4,014 shares of Goosehead Insurance stock. The stock was sold at an average price of $60.52, for a total value of $242,927.28.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $38.80 on Tuesday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 3,883.88 and a beta of 1.20. Goosehead Insurance, Inc has a 52-week low of $29.23 and a 52-week high of $146.25. The stock has a fifty day moving average of $36.83 and a 200 day moving average of $47.02.

Goosehead Insurance (NASDAQ:GSHDGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. Goosehead Insurance had a negative return on equity of 0.56% and a net margin of 0.18%. The firm had revenue of $57.69 million during the quarter, compared to analyst estimates of $54.02 million. Equities analysts forecast that Goosehead Insurance, Inc will post -0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

GSHD has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on Goosehead Insurance from $100.00 to $75.00 in a report on Thursday, October 27th. Truist Financial cut their price target on Goosehead Insurance from $55.00 to $40.00 in a report on Thursday, October 27th. William Blair lowered Goosehead Insurance from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. Finally, JMP Securities cut their price target on Goosehead Insurance from $120.00 to $100.00 and set a “market outperform” rating for the company in a report on Tuesday, October 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently added to or reduced their stakes in the company. Logan Capital Management Inc. lifted its stake in Goosehead Insurance by 2.4% during the first quarter. Logan Capital Management Inc. now owns 10,704 shares of the company’s stock worth $841,000 after purchasing an additional 250 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Goosehead Insurance by 6.5% in the first quarter. Teacher Retirement System of Texas now owns 4,125 shares of the company’s stock worth $324,000 after buying an additional 251 shares during the period. HighTower Advisors LLC increased its holdings in shares of Goosehead Insurance by 16.6% in the first quarter. HighTower Advisors LLC now owns 3,167 shares of the company’s stock worth $248,000 after buying an additional 450 shares during the period. Spire Wealth Management increased its holdings in shares of Goosehead Insurance by 178.3% in the third quarter. Spire Wealth Management now owns 704 shares of the company’s stock worth $25,000 after buying an additional 451 shares during the period. Finally, First Republic Investment Management Inc. increased its holdings in shares of Goosehead Insurance by 14.5% in the first quarter. First Republic Investment Management Inc. now owns 3,737 shares of the company’s stock worth $294,000 after buying an additional 474 shares during the period.

Goosehead Insurance Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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