Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) major shareholder and Robyn Jones Descendants Mark sold 24,103 shares of the company’s shares in a transaction on Wednesday, November 30th. The stock sold at an average price of $40.41 for a total value of $974,002.23. Following the transaction, the insider now owns 132,349 shares of the company’s stock valued at $5,348,223.09. The sale was disclosed in a legal filing with the SEC available at this hyperlink. Major shareholders who own 10% or more of a company’s stock must disclose their transactions to the SEC.
& Robyn Jones Descendants Mark also recently made the following trades:
- On Monday November 28th & Robyn Jones Descendants Mark sold 18,890 shares of Goosehead Insurance. The stock sold at an average price of $39.51 for a total value of $746,343.90.
- On Friday November 18th & Robyn Jones Descendants Mark sold 12,700 shares of Goosehead Insurance. The stock sold at an average price of $40.51 for a total value of $514,477.00.
- On Wednesday November 16th & Robyn Jones Descendants Mark sold 8,764 shares of Goosehead Insurance. The shares sold at an average price of $40.19 for a total value of $352,225.16.
- On Monday November 14th & Robyn Jones Descendants Mark sold 3,702 shares of Goosehead Insurance. The shares sold at an average price of $40.14 for a total value of $148,598.28.
- On Wednesday November 2nd & Robyn Jones Descendants Mark sold 1,106 shares of Goosehead Insurance. The shares sold at an average price of $40.07 for a total value of $44,317.42.
- On Monday October 31st & Robyn Jones Descendants Mark sold 35,801 shares of Goosehead Insurance. The shares were sold at an average price of $41.08 for a total value of $1,470,705.08.
Goosehead insurance portfolio up 1.1%
Goosehead Insurance shares rose $0.46 on Friday afternoon to hit $40.86. 133,391 shares of hands traded, compared to an average volume of 287,712. The company has a 50-day moving average of $36.84 and a 200-day moving average of $46.44. Goosehead Insurance, Inc has a 52-week low of $29.23 and a 52-week high of $146.25. The stock has a market cap of $1.53 billion, a P/E of 4,044.04 and a beta of 1.17.
Goosehead Insurance (NASDAQ:GSHD – Get Rating) last issued its quarterly earnings results on Wednesday, October 26th. The company reported earnings per share (EPS) of $0.09 for the quarter, beating analyst consensus estimates of $0.05 by $0.04. The company had revenue of $57.69 million for the quarter, compared to analyst estimates of $54.02 million. Goosehead Insurance had a negative return on equity of 0.56% and a net margin of 0.18%. On average, equities analysts expect Goosehead Insurance, Inc to report earnings per share of -0.01 for the current fiscal year.
Institutional inflows and outflows
Several hedge funds have recently added to or reduced their holdings in GSHD. Kayne Anderson Rudnick Investment Management LLC increased its position in Goosehead Insurance by 62.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,074,160 shares of the Company valued at $109,563,000 after purchasing an additional 1,182,690 shares during the period. DF Dent & Co. Inc. increased its position in Goosehead Insurance by 1,342.6% during the second quarter. DF Dent & Co. Inc. now owns 547,710 shares of the company’s stock valued at $25,014,000 after purchasing an additional 509,744 shares during the period. Capital World Investors added 335.5% to its position in Goosehead Insurance during the first quarter. Capital World Investors now owns 568,000 shares of the company’s stock valued at $44,628,000 after purchasing an additional 437,576 shares during the period. Wasatch Advisors Inc. increased its position in Goosehead Insurance by 30.7% during the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock valued at $117,605,000 after purchasing an additional 351,769 shares during the period. Finally, Point72 Asset Management LP acquired a new position in Goosehead Insurance stock valued at $9,605,000 during the third quarter.
Wall Street analyst ponders
A number of research companies have recently commented on GSHD. The Royal Bank of Canada lowered its target price on Goosehead Insurance from $100.00 to $75.00 in a report on Thursday, October 27. Truist Financial lowered its target price on Goosehead Insurance to $40.00 from $55.00 in a report on Thursday, October 27. Finally, in a report Tuesday, October 18, JMP Securities lowered its target price on Goosehead Insurance to $100.00 from $120.00 and gave the company a “Market Outperform” rating. Two equities research analysts have rated the stock with a hold rating and three have given it a buy rating. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $68.00.
About goosehead insurance
(get rating)
Goosehead Insurance, Inc acts as the holding company for Goosehead Financial, LLC, which provides insurance brokerage services to consumers in the United States. The Company operates through two segments, Corporate Channel and Franchise Channel. It offers products and services for homeowners, insurance, automotive, homeowners insurance, flood, wind, earthquake, deductible or umbrella, motorcycle, RV, general liability, property and life insurance.
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