Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 82,689 Shares of Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the completion of the transaction, the insider owned 7,050,356 shares in the company, valued at approximately $294,493,370.12. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 shares were 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 shares were 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 Down 1.9%

Shares of NASDAQ:GSHD opened at $41.68 on Friday. The company has a market cap of $1.48 billion, a P/E ratio of 36.56, a PEG ratio of 1.47 and a beta of 1.62. Goosehead Insurance has a 52 week low of $35.83 and a 52 week high of $113.00. The company has a 50-day moving average price of $42.95 and a 200 day moving average price of $57.77.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. Analysts expect that Goosehead Insurance will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Phocas Financial Corp. acquired a new position in Goosehead Insurance during the fourth quarter worth about $3,669,000. Jacobson & Schmitt Advisors LLC grew its position in Goosehead Insurance by 31.8% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 136,553 shares of the company’s stock worth $10,162,000 after buying an additional 32,981 shares during the period. M&T Bank Corp grew its position in Goosehead Insurance by 1,075.4% during the fourth quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock worth $8,531,000 after buying an additional 105,979 shares during the period. UBS Group AG grew its position in Goosehead Insurance by 26.7% during the fourth quarter. UBS Group AG now owns 156,019 shares of the company’s stock worth $11,491,000 after buying an additional 32,920 shares during the period. Finally, Public Sector Pension Investment Board grew its position in Goosehead Insurance by 15.7% during the third quarter. Public Sector Pension Investment Board now owns 98,847 shares of the company’s stock worth $7,356,000 after buying an additional 13,404 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GSHD shares. Citizens Jmp lowered their price objective on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Keefe, Bruyette & Woods lifted their price objective on Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Cantor Fitzgerald lowered their price objective on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Weiss Ratings lowered Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance has an average rating of “Hold” and a consensus price target of $67.45.

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.