Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 12,153 Shares

Key Points

• Major shareholder & Robyn Jones Descendants Mark sold a total of 12,153 shares of Goosehead Insurance at an average price of $87.60, amounting to $1,064,602.80.
• Following the recent sales, Mark’s ownership decreased by 8.41%, leaving him with 132,349 shares valued at approximately $11.6 million.
• Goosehead Insurance's stock currently has a market capitalization of $3.27 billion with an average rating of "Hold" from analysts and a consensus price target of $109.50.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 12,153 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $87.60, for a total value of $1,064,602.80. Following the completion of the sale, the insider owned 132,349 shares in the company, valued at $11,593,772.40. This represents a 8.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large 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, August 7th, & Robyn Jones Descendants Mark sold 6,175 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.14, for a total value of $538,089.50.
• On Tuesday, August 5th, & Robyn Jones Descendants Mark sold 900 shares of Goosehead Insurance stock. The shares were sold at an average price of $89.41, for a total value of $80,469.00.
• On Thursday, July 31st, & Robyn Jones Descendants Mark sold 31,516 shares of Goosehead Insurance stock. The shares were sold at an average price of $93.24, for a total value of $2,938,551.84.
• On Wednesday, May 14th, & Robyn Jones Descendants Mark sold 21,385 shares of Goosehead Insurance stock. The shares were sold at an average price of $104.76, for a total value of $2,240,292.60.
• 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.

Goosehead Insurance Stock Performance

GSHD stock traded up $0.17 during midday trading on Thursday, reaching $87.17. 243,293 shares of the company's stock traded hands, compared to its average volume of 296,860. The company has a 50-day moving average price of $100.26 and a two-hundred day moving average price of $106.79. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92. Goosehead Insurance has a 52 week low of $79.33 and a 52 week high of $130.39. The firm has a market capitalization of $3.27 billion, a PE ratio of 77.14, a price-to-earnings-growth ratio of 7.78 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The firm had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The firm's revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. As a group, equities analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

Institutional Trading of Goosehead Insurance

Large investors have recently bought and sold shares of the company. Whitebark Investors LP purchased a new position in shares of Goosehead Insurance during the fourth quarter valued at approximately $55,326,000. Driehaus Capital Management LLC purchased a new stake in shares of Goosehead Insurance in the 1st quarter worth $22,003,000. Goldman Sachs Group Inc. grew its position in shares of Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock worth $41,885,000 after purchasing an additional 164,693 shares in the last quarter. Annex Advisory Services LLC grew its position in shares of Goosehead Insurance by 1,248.8% during the second quarter. Annex Advisory Services LLC now owns 136,564 shares of the company's stock worth $14,409,000 after purchasing an additional 126,439 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Goosehead Insurance by 89.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after purchasing an additional 96,309 shares during the last quarter.

Wall Street Analysts Forecast Growth

GSHD has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. UBS Group cut their target price on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. JMP Securities restated a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. Piper Sandler restated a "neutral" rating and issued a $109.00 target price (down previously from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Goosehead Insurance presently has an average rating of "Hold" and a consensus price target of $109.50.

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.

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