Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 45,998 Shares

Key Points

• Major shareholder & Robyn Jones Descendants Mark sold 45,998 shares of Goosehead Insurance for approximately $3.98 million, marking a 25.79% decrease in their ownership.
• Goosehead Insurance stock is currently trading at $86.07, down 0.6%, with a 12-month low of $79.33 and a high of $130.39.
• In its latest earnings report, Goosehead Insurance missed EPS estimates, reporting $0.49 per share against a consensus of $0.53, while quarterly revenue increased 20.4% year-over-year.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 45,998 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $86.44, for a total transaction of $3,976,067.12. Following the completion of the sale, the insider owned 132,349 shares in the company, valued at $11,440,247.56. This represents a 25.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Wednesday, August 13th, & Robyn Jones Descendants Mark sold 60,000 shares of Goosehead Insurance stock. The shares were sold at an average price of $88.23, for a total transaction of $5,293,800.00.
• On Tuesday, August 12th, & Robyn Jones Descendants Mark sold 48,320 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.11, for a total transaction of $4,209,155.20.
• On Friday, August 8th, & Robyn Jones Descendants Mark sold 14,717 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.18, for a total transaction of $1,283,028.06.
• On Thursday, August 7th, & Robyn Jones Descendants Mark sold 6,175 shares of Goosehead Insurance stock. The stock was sold at an average price of $87.14, for a total transaction of $538,089.50.
• On Wednesday, August 6th, & Robyn Jones Descendants Mark sold 12,153 shares of Goosehead Insurance stock. The stock was sold at an average price of $87.60, for a total transaction of $1,064,602.80.
• On Tuesday, August 5th, & Robyn Jones Descendants Mark sold 900 shares of Goosehead Insurance stock. The stock was sold at an average price of $89.41, for a total transaction of $80,469.00.
• On Thursday, July 31st, & Robyn Jones Descendants Mark sold 31,516 shares of Goosehead Insurance stock. The stock was sold at an average price of $93.24, for a total transaction of $2,938,551.84.
• On Wednesday, May 14th, & Robyn Jones Descendants Mark sold 21,385 shares of Goosehead Insurance stock. The stock was sold at an average price of $104.76, for a total transaction of $2,240,292.60.

Goosehead Insurance Price Performance

NASDAQ GSHD traded down $0.40 on Friday, hitting $86.06. The company had a trading volume of 713,677 shares, compared to its average volume of 480,785. The company has a market capitalization of $3.23 billion, a PE ratio of 76.16, a PEG ratio of 7.37 and a beta of 1.31. The company's fifty day moving average price is $96.97 and its 200-day moving average price is $105.92. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. Goosehead Insurance has a 12-month low of $79.33 and a 12-month high of $130.39.

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

Institutional Investors Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its holdings in shares of Goosehead Insurance by 192.9% during the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after buying an additional 191 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Goosehead Insurance by 480.4% during the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock worth $34,000 after buying an additional 269 shares in the last quarter. TCTC Holdings LLC grew its holdings in shares of Goosehead Insurance by 117.1% during the first quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after buying an additional 178 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Goosehead Insurance by 802.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock worth $47,000 after buying an additional 393 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Goosehead Insurance by 1,251.6% during the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after buying an additional 388 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GSHD. BMO Capital Markets reduced their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, July 25th. UBS Group reduced their price target on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Monday, July 28th. JPMorgan Chase & Co. reduced their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods cut their target price on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $110.91.

Goosehead Insurance Company Profile

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.