Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $326,000.00 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Adrienne Kebodeaux sold 5,000 shares of Goosehead Insurance stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $65.20, for a total value of $326,000.00. Following the completion of the transaction, the insider directly owned 280,027 shares in the company, valued at $18,257,760.40. This represents a 1.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Goosehead Insurance Trading Down 2.9%

GSHD stock opened at $62.00 on Friday. Goosehead Insurance has a one year low of $33.68 and a one year high of $93.90. The firm has a market capitalization of $2.20 billion, a PE ratio of 45.26, a P/E/G ratio of 2.22 and a beta of 1.41. The firm has a 50-day moving average of $46.88 and a two-hundred day moving average of $48.81.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The business had revenue of $95.63 million for the quarter, compared to the consensus estimate of $103.30 million. During the same period last year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. On average, equities research analysts anticipate that Goosehead Insurance will post 1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GSHD. JPMorgan Chase & Co. lifted their price objective on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods decreased their target price on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Bank of America decreased their target price on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Piper Sandler lifted their price target on Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings raised Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and a consensus price target of $68.45.

Goosehead Insurance News Summary

Here are the key news stories impacting Goosehead Insurance this week:

• Positive Sentiment: Durable Capital Partners recently purchased approximately 153,700 shares of Goosehead Insurance for about $9.1 million, increasing its position. The buying activity may signal confidence from a major institutional investor.
• Neutral Sentiment: J.P. Morgan reaffirmed its Hold rating on Goosehead Insurance, indicating limited conviction at current valuation levels. The broader analyst consensus also remains “Hold,” with a target price near the stock’s recent trading range. J.P. Morgan Remains a Hold on Goosehead Insurance
• Negative Sentiment: Major shareholders reported selling a combined 137,519 shares worth approximately $9.5 million. The largest transaction was a 125,000-share sale by the Robyn Jones Descendants Mark at an average price of $69.71, followed by additional sales from the same holder, Adrienne Kebodeaux and The Bear Irrevocable Trust. Although the Jones descendants still own roughly 6.87 million shares, the sales could reinforce concerns about insider confidence and increase near-term supply. Goosehead Insurance Insider Sales Filing
• Negative Sentiment: Goosehead’s latest quarterly results were mixed: earnings of $0.64 per share exceeded the $0.47 consensus estimate, but revenue of $95.63 million missed expectations of $103.30 million. Revenue nevertheless increased 20.6% year over year. With the stock trading at an elevated earnings multiple, investors may be particularly sensitive to signs of slower growth or further revenue disappointments.

Institutional Trading of Goosehead Insurance

Several hedge funds and other institutional investors have recently modified their holdings of the company. Meixler Investment Management Ltd. boosted its position in Goosehead Insurance by 5.3% during the fourth quarter. Meixler Investment Management Ltd. now owns 4,355 shares of the company’s stock valued at $321,000 after purchasing an additional 220 shares during the last quarter. Gibbs Wealth Management increased its position in Goosehead Insurance by 3.8% in the 4th quarter. Gibbs Wealth Management now owns 6,133 shares of the company’s stock worth $459,000 after purchasing an additional 227 shares during the last quarter. The Manufacturers Life Insurance Company raised 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 purchasing an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 purchasing an additional 269 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Goosehead Insurance by 5.0% during the 4th quarter. Blair William & Co. IL now owns 6,831 shares of the company’s stock valued at $503,000 after buying an additional 323 shares during the last quarter.

Goosehead Insurance Company Profile

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.