Insider Selling: Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells 60,000 Shares of Stock

Key Points

• Major shareholder, & Robyn Jones Descendants Mark, sold 60,000 shares of Goosehead Insurance for $5,293,800, decreasing their ownership by 31.19%.
• The company's recent quarterly earnings showed an EPS of $0.49, missing the estimate of $0.53, while revenue increased by 20.4% year-over-year.
• Analysts have mixed ratings on Goosehead Insurance, with one sell rating, five hold ratings, four buy ratings, and one strong buy rating, along with an average price target of $110.91.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the transaction, the insider directly owned 132,349 shares of the company's stock, valued at $11,677,152.27. This represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 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 transaction of $52,206.00.
• 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 value of $1,873,851.60.
• 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 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 shares were 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 shares were 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 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 shares were sold at an average price of $93.24, for a total value of $2,938,551.84.

Goosehead Insurance Stock Up 1.7%

GSHD stock traded up $1.45 during midday trading on Tuesday, hitting $86.74. 32,532 shares of the company's stock were exchanged, compared to its average volume of 301,371. The firm has a 50 day moving average price of $96.51 and a 200-day moving average price of $105.75. 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 $3.26 billion, a price-to-earnings ratio of 76.80, a price-to-earnings-growth ratio of 7.37 and a beta of 1.31. 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 released its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%. Goosehead Insurance's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a report 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 on the stock in a research report on Thursday, April 24th. BMO Capital Markets lowered 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. Piper Sandler reaffirmed a "neutral" rating and issued a $109.00 price objective (down from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. Finally, UBS Group dropped their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $110.91.

Hedge Funds Weigh In On Goosehead Insurance

Large investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC lifted its holdings in Goosehead Insurance by 9.9% in the second quarter. Harbor Investment Advisory LLC now owns 1,083 shares of the company's stock worth $114,000 after purchasing an additional 98 shares during the period. Bank of Montreal Can boosted its stake in Goosehead Insurance by 2.2% during the second quarter. Bank of Montreal Can now owns 5,299 shares of the company's stock valued at $559,000 after buying an additional 116 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Goosehead Insurance by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock worth $2,371,000 after acquiring an additional 139 shares during the period. Bryce Point Capital LLC raised its position in Goosehead Insurance by 2.2% in the second quarter. Bryce Point Capital LLC now owns 6,954 shares of the company's stock worth $734,000 after acquiring an additional 148 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Goosehead Insurance by 7.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,436 shares of the company's stock valued at $257,000 after acquiring an additional 159 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.