Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Serena Jones Sells 10,388 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) major shareholder Serena Jones sold 10,388 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $58.11, for a total value of $603,646.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Serena Jones also recently made the following trade(s):

• On Wednesday, May 17th, Serena Jones sold 23,010 shares of Goosehead Insurance stock. The stock was sold at an average price of $58.27, for a total value of $1,340,792.70.

Goosehead Insurance Stock Down 0.7 %

NASDAQ:GSHD opened at $57.62 on Tuesday. The business’s 50-day moving average price is $54.11 and its 200 day moving average price is $45.12. The firm has a market cap of $2.16 billion, a P/E ratio of 443.26, a PEG ratio of 3.47 and a beta of 1.20. Goosehead Insurance, Inc has a 52-week low of $29.23 and a 52-week high of $71.04.

Goosehead Insurance (NASDAQ:GSHD – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. The firm had revenue of $57.96 million for the quarter, compared to analysts’ expectations of $53.73 million. Goosehead Insurance had a negative return on equity of 6.68% and a net margin of 1.21%. Goosehead Insurance’s revenue was up 40.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. Sell-side analysts expect that Goosehead Insurance, Inc will post 0.38 EPS for the current year.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently bought and sold shares of the stock. Spire Wealth Management increased its stake in Goosehead Insurance by 178.3% in the 3rd quarter. Spire Wealth Management now owns 704 shares of the company’s stock worth $25,000 after purchasing an additional 451 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Goosehead Insurance during the 4th quarter worth about $33,000. Harbor Investment Advisory LLC boosted its position in Goosehead Insurance by 58.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,548 shares of the company’s stock worth $53,000 after acquiring an additional 572 shares during the period. Group One Trading L.P. acquired a new stake in Goosehead Insurance during the 1st quarter worth about $59,000. Finally, Quantbot Technologies LP acquired a new stake in Goosehead Insurance during the 2nd quarter worth about $65,000. Hedge funds and other institutional investors own 99.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GSHD shares. Credit Suisse Group reiterated an “outperform” rating and issued a $72.00 target price on shares of Goosehead Insurance in a research note on Wednesday, March 1st. Truist Financial raised their target price on Goosehead Insurance from $40.00 to $50.00 in a research note on Thursday, April 27th. Piper Sandler raised their target price on Goosehead Insurance from $59.00 to $64.00 in a research note on Thursday, April 27th. Royal Bank of Canada cut their target price on Goosehead Insurance from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Goosehead Insurance from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.29.

Goosehead Insurance Company Profile

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Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines of insurance. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.