Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 900 Shares

Key Points

• Major shareholder & Robyn Jones Descendants Mark sold a total of 900 shares of Goosehead Insurance at an average price of $89.41, decreasing their position by 0.68% while still retaining 132,349 shares valued at approximately $11.8 million.
• Goosehead Insurance missed analysts' earnings estimates in the last quarter, reporting $0.49 EPS against the consensus estimate of $0.53, with revenues of $94.03 million.
• Research firms have varied outlooks on Goosehead Insurance, with analysts giving an average target price of $109.50 and a current rating of "Hold."

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 900 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.41, for a total value of $80,469.00. Following the sale, the insider owned 132,349 shares in the company, valued at approximately $11,833,324.09. The trade was a 0.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 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 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 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 value 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 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 Trading Up 0.2%

Shares of GSHD stock traded up $0.17 on Thursday, hitting $87.17. The stock had a trading volume of 243,293 shares, compared to its average volume of 296,860. The firm has a market capitalization of $3.27 billion, a P/E ratio of 77.14, a P/E/G ratio of 7.78 and a beta of 1.31. The company's 50 day moving average price is $100.26 and its 200-day moving average price is $106.79. Goosehead Insurance has a 1 year low of $79.33 and a 1 year 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.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 8.76% and a negative return on equity of 59.49%. The company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GSHD. JMP Securities reissued a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research note on Thursday, April 24th. Piper Sandler reissued a "neutral" rating and set a $109.00 target price (down previously from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. UBS Group cut their target price on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Monday, July 28th. Finally, Keefe, Bruyette & Woods cut their target price 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $109.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GSHD. LPL Financial LLC purchased a new stake in Goosehead Insurance during the 4th quarter worth about $251,000. Pictet Asset Management Holding SA lifted its holdings in shares of Goosehead Insurance by 10.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock valued at $299,000 after purchasing an additional 254 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $328,000. Alliancebernstein L.P. grew its stake in Goosehead Insurance by 18.5% during the 4th quarter. Alliancebernstein L.P. now owns 27,725 shares of the company's stock worth $2,973,000 after buying an additional 4,335 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Goosehead Insurance by 2.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 119,990 shares of the company's stock worth $12,865,000 after buying an additional 2,471 shares during the last quarter.

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.

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