Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $1,873,851.60 in Stock

Key Points

• Major shareholder & Robyn Jones Descendants Mark sold a total of $1,873,851.60 in Goosehead Insurance stock by divesting 21,391 shares at an average price of $87.60, reducing their stake by 13.91%.
• Goosehead Insurance recently reported $0.49 earnings per share for the last quarter, missing the consensus estimate by $0.04, with revenue growth of 20.4% year-over-year.
• Analysts have mixed ratings on Goosehead Insurance, with a consensus rating of "Hold" and a price target of $110.91, reflecting concerns about recent performance and market conditions.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 21,391 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $87.60, for a total value of $1,873,851.60. Following the completion of the transaction, the insider directly owned 132,349 shares of the company's stock, valued at $11,593,772.40. This represents a 13.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 Friday, August 15th, & Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.01, for a total value of $52,206.00.
• On Wednesday, August 13th, & Robyn Jones Descendants Mark sold 60,000 shares of Goosehead Insurance stock. The stock was 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 stock was 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 stock was sold at an average price of $87.18, for a total value of $1,283,028.06.
• On Monday, August 11th, & Robyn Jones Descendants Mark sold 45,998 shares of Goosehead Insurance stock. The stock was sold at an average price of $86.44, for a total value of $3,976,067.12.
• 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 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.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD traded down $0.77 during trading on Monday, hitting $85.29. The stock had a trading volume of 306,255 shares, compared to its average volume of 303,131. Goosehead Insurance has a 12-month low of $79.33 and a 12-month high of $130.39. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 75.48, a price-to-earnings-growth ratio of 7.37 and a beta of 1.31. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 2.10. The stock has a 50-day simple moving average of $96.97 and a two-hundred day simple moving average of $105.90.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $94.03 million during the quarter, compared to analysts' expectations of $94.18 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities research analysts expect that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group cut their price target 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. BMO Capital Markets lowered their price target on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. JMP Securities reissued a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. Cantor Fitzgerald raised Goosehead Insurance to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lowered their price target on 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 given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $110.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in Goosehead Insurance by 2.4% during the first quarter. Principal Financial Group Inc. now owns 121,654 shares of the company's stock valued at $14,362,000 after purchasing an additional 2,800 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Goosehead Insurance during the first quarter valued at $208,000. Bessemer Group Inc. lifted its position in Goosehead Insurance by 192.9% during the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Goosehead Insurance during the first quarter valued at $349,000. Finally, GAMMA Investing LLC lifted its position in Goosehead Insurance by 11,900.8% during the first quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock valued at $8,586,000 after purchasing an additional 72,119 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.

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