& Robyn Jones Descendants Mark Sells 21,385 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $104.76, for a total value of $2,240,292.60. Following the transaction, the insider now owns 132,349 shares in the company, valued at $13,864,881.24. This represents a 13.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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 Monday, May 12th, & Robyn Jones Descendants Mark sold 50,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $103.74, for a total value of $5,187,000.00.
• On Thursday, May 8th, & Robyn Jones Descendants Mark sold 30,081 shares of Goosehead Insurance stock. The stock was sold at an average price of $101.95, for a total value of $3,066,757.95.
• On Monday, March 24th, & Robyn Jones Descendants Mark sold 43,712 shares of Goosehead Insurance stock. The stock was sold at an average price of $120.82, for a total value of $5,281,283.84.
• On Wednesday, March 12th, & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock. The stock was sold at an average price of $120.12, for a total value of $60,060.00.
• On Wednesday, March 5th, & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00.

Goosehead Insurance Stock Up 2.7%

GSHD opened at $108.90 on Friday. The business’s fifty day moving average is $108.98 and its two-hundred day moving average is $111.59. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 151.25, a PEG ratio of 5.17 and a beta of 1.45. Goosehead Insurance, Inc has a one year low of $54.80 and a one year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. Analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Institutional Trading of Goosehead Insurance

A number of institutional investors have recently bought and sold shares of GSHD. Alberta Investment Management Corp raised its holdings in shares of Goosehead Insurance by 232.8% in the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company’s stock worth $3,923,000 after acquiring an additional 25,595 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Goosehead Insurance in the fourth quarter worth $536,000. Principal Financial Group Inc. raised its holdings in shares of Goosehead Insurance by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company’s stock worth $12,744,000 after acquiring an additional 4,333 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Goosehead Insurance in the fourth quarter worth $8,737,000. Finally, Amundi acquired a new position in shares of Goosehead Insurance in the fourth quarter worth $1,902,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GSHD. JPMorgan Chase & Co. lowered their target price on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Bank of America lifted their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. Piper Sandler lowered their target price on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods lifted their target price on Goosehead Insurance from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Finally, Truist Financial reiterated a “hold” rating and issued a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $115.40.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.