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 Goosehead Insurance stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $87.60, for a total value of $1,873,851.60. Following the sale, the insider directly owned 132,349 shares in the company, valued at $11,593,772.40. The trade was a 13.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 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 shares were sold at an average price of $88.23, for a total value 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 Monday, August 11th, & Robyn Jones Descendants Mark sold 45,998 shares of Goosehead Insurance stock. The shares were 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 stock was 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 stock was 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 stock was sold at an average price of $93.24, for a total value of $2,938,551.84.

Goosehead Insurance Price Performance

Shares of GSHD traded up $2.91 during midday trading on Friday, reaching $89.49. The stock had a trading volume of 253,023 shares, compared to its average volume of 434,743. Goosehead Insurance has a 52 week low of $79.58 and a 52 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 firm's 50 day moving average price is $94.99 and its 200-day moving average price is $105.24. The company has a market capitalization of $3.36 billion, a P/E ratio of 79.20, a P/E/G ratio of 7.66 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. 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 valued at $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 valued at $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 valued at $39,000 after buying an additional 178 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock valued at $47,000 after purchasing an additional 393 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after purchasing an additional 388 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on GSHD. Cantor Fitzgerald raised Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods decreased 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. Piper Sandler reaffirmed a "neutral" rating and set a $109.00 target price (down from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. UBS Group decreased their price target on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Monday, July 28th. Finally, BMO Capital Markets decreased their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.