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

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 company's stock in a transaction on 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 of the company's stock, valued at approximately $11,440,247.56. This trade represents a 25.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 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 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 value 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 value of $1,283,028.06.
• 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 Wednesday, August 6th, & Robyn Jones Descendants Mark sold 12,153 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.60, for a total value of $1,064,602.80.
• 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 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 Stock Down 0.5%

GSHD traded down $0.40 during trading on Friday, reaching $86.06. 713,677 shares of the stock traded hands, compared to its average volume of 509,095. Goosehead Insurance has a fifty-two week low of $79.33 and a fifty-two week high of $130.39. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 76.16, a price-to-earnings-growth ratio of 7.37 and a beta of 1.31. The stock's 50-day simple moving average is $96.97 and its two-hundred day simple moving average is $105.90.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly 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). Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%. The business had revenue of $94.03 million for the quarter, compared to the consensus estimate of $94.18 million. During the same quarter in the previous year, the business posted $0.43 EPS. The company's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities research analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on GSHD shares. Keefe, Bruyette & Woods reduced their target price on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Piper Sandler restated a "neutral" rating and issued a $109.00 price target (down previously from $122.00) on shares of Goosehead Insurance in a research report on Thursday, July 24th. BMO Capital Markets decreased their target price on 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. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $110.91.

Institutional Trading of Goosehead Insurance

A number of large investors have recently made changes to their positions in GSHD. Durable Capital Partners LP purchased a new position in Goosehead Insurance during the 2nd quarter valued at about $71,832,000. Whitebark Investors LP purchased a new position in Goosehead Insurance during the fourth quarter worth about $55,326,000. Balyasny Asset Management L.P. raised its holdings in Goosehead Insurance by 118.7% in the second quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company's stock valued at $58,744,000 after acquiring an additional 302,130 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Goosehead Insurance by 12.6% during the second quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company's stock worth $240,074,000 after acquiring an additional 253,777 shares during the last quarter. Finally, 3G Capital Partners LP lifted its holdings in Goosehead Insurance by 105.6% in the second quarter. 3G Capital Partners LP now owns 462,500 shares of the company's stock valued at $48,798,000 after acquiring an additional 237,500 shares during the period.

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.