Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 70,751 Shares

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 70,751 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $41.36, for a total transaction of $2,926,261.36. Following the completion of the transaction, the insider owned 7,133,045 shares of the company’s stock, valued at $295,022,741.20. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 shares were sold at an average price of $49.06, for a total transaction of $8,781.74.

Goosehead Insurance Stock Up 2.7%

Shares of NASDAQ:GSHD traded up $1.12 during midday trading on Thursday, hitting $42.49. The stock had a trading volume of 450,020 shares, compared to its average volume of 407,940. The company’s 50-day moving average price is $43.00 and its 200-day moving average price is $57.88. The company has a market capitalization of $1.51 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 1.49 and a beta of 1.62. Goosehead Insurance has a fifty-two week low of $35.83 and a fifty-two week high of $113.00.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. The company had revenue of $79.48 million during the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 EPS. Research analysts expect that Goosehead Insurance will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Phocas Financial Corp. acquired a new position in Goosehead Insurance in the 4th quarter valued at approximately $3,669,000. Jacobson & Schmitt Advisors LLC increased its position in Goosehead Insurance by 31.8% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 136,553 shares of the company’s stock valued at $10,162,000 after acquiring an additional 32,981 shares during the period. M&T Bank Corp increased its position in Goosehead Insurance by 1,075.4% in the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after acquiring an additional 105,979 shares during the period. UBS Group AG increased its position in Goosehead Insurance by 26.7% in the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock valued at $11,491,000 after acquiring an additional 32,920 shares during the period. Finally, Public Sector Pension Investment Board increased its position in Goosehead Insurance by 15.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 98,847 shares of the company’s stock valued at $7,356,000 after acquiring an additional 13,404 shares during the period.

Analyst Ratings Changes

A number of research firms recently issued reports on GSHD. Truist Financial lowered their price objective on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Cantor Fitzgerald lowered their price objective on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Piper Sandler lowered their price objective on shares of Goosehead Insurance from $69.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. BMO Capital Markets lowered their price objective on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, February 18th. Finally, Bank of America lowered their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus 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.