& Robyn Jones Descendants Mark Sells 600 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Key Points

• Major shareholder Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance on August 15th for a total of $52,206, reducing their ownership by 0.45% to 132,349 shares.
• Goosehead Insurance's stock has fallen 0.9% recently, closing at $85.29, while the company has a market cap of $3.20 billion and a P/E ratio of 75.48.
• Despite a 20.4% year-over-year revenue increase, Goosehead reported $0.49 EPS for the last quarter, missing estimates by $0.04.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 600 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $87.01, for a total transaction of $52,206.00. Following the transaction, the insider owned 132,349 shares in the company, valued at approximately $11,515,686.49. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 14th, & Robyn Jones Descendants Mark sold 21,391 shares of Goosehead Insurance stock. The stock was sold at an average price of $87.60, for a total transaction of $1,873,851.60.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 shares were sold at an average price of $93.24, for a total transaction of $2,938,551.84.

Goosehead Insurance Price Performance

NASDAQ GSHD traded up $2.91 on Friday, reaching $89.49. The company's stock had a trading volume of 253,023 shares, compared to its average volume of 434,743. The firm has a market cap of $3.36 billion, a PE ratio of 79.20, a price-to-earnings-growth ratio of 7.66 and a beta of 1.31. The business has a 50-day moving average price of $94.99 and a 200 day moving average price of $105.24. Goosehead Insurance has a 52 week low of $79.58 and a 52 week high of $130.39. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The business had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The business's revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. Goosehead Insurance has set its FY 2025 guidance at EPS. Sell-side analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Institutional Trading of Goosehead Insurance

Several large investors have recently added to or reduced their stakes in GSHD. Durable Capital Partners LP bought a new stake in Goosehead Insurance during the second quarter worth about $71,832,000. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $55,326,000. Balyasny Asset Management L.P. lifted its position in shares of Goosehead Insurance by 118.7% during the second quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company's stock worth $58,744,000 after purchasing an additional 302,130 shares in the last quarter. Wasatch Advisors LP lifted 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 purchasing an additional 253,777 shares in the last quarter. Finally, 3G Capital Partners LP lifted its position in shares of Goosehead Insurance by 105.6% during the second quarter. 3G Capital Partners LP now owns 462,500 shares of the company's stock worth $48,798,000 after purchasing an additional 237,500 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently weighed in on GSHD. UBS Group lowered their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. Piper Sandler reissued a "neutral" rating and issued a $109.00 target price (down previously from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Finally, BMO Capital Markets decreased their price objective on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $110.91.

About Goosehead Insurance

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.