Goosehead Insurance (NASDAQ:GSHD) Sets New 12-Month Low on Insider Selling

Key Points

• Goosehead Insurance hit a new 52-week low, falling to as low as $35.42 after a string of insider sales, and the stock was last down about 5.6% on the day.
• Major shareholder Robyn Jones Descendants Mark sold multiple blocks of shares over several days, including 82,689 shares, 45,588 shares, and 9,588 shares, trimming their stake slightly each time.
• Analyst sentiment is mixed but cautious: Goosehead has an average Hold rating and a consensus price target of $66.73, though recent targets ranged widely from bullish to bearish.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) shares reached a new 52-week low during trading on Thursday following insider selling activity. The company traded as low as $35.42 and last traded at $35.5350, with a volume of 197969 shares trading hands. The stock had previously closed at $37.68.

Specifically, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88. Following the completion of the transaction, the insider owned 6,995,180 shares of the company's stock, valued at approximately $285,123,536.80. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 45,588 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $40.07, for a total transaction of $1,826,711.16. Following the transaction, the insider directly owned 7,004,768 shares of the company's stock, valued at $280,681,053.76. This trade represents a 0.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In related news, major shareholder & Robyn Jones Descendants Mark sold 82,689 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the completion of the transaction, the insider owned 7,050,356 shares of the company's stock, valued at approximately $294,493,370.12. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GSHD shares. Citizens Jmp dropped their price target on shares of Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating for the company in a research report on Monday, April 13th. Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. Royal Bank Of Canada raised their price objective on Goosehead Insurance from $49.00 to $52.00 and gave the stock a "sector perform" rating in a report on Thursday, April 23rd. Bank of America cut their price objective on Goosehead Insurance from $43.00 to $37.00 and set an "underperform" rating on the stock in a report on Tuesday, April 14th. Finally, UBS Group raised their price target on shares of Goosehead Insurance from $81.00 to $85.00 and gave the company a "buy" rating in a report on Monday, April 27th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $66.73.

Goosehead Insurance Trading Down 5.6%

The stock's 50-day moving average price is $42.68 and its 200-day moving average price is $57.13. The company has a market capitalization of $1.27 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.38 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The business had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. Goosehead Insurance's revenue for the quarter was up 23.1% compared to the same quarter last year. Sell-side analysts expect that Goosehead Insurance will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSHD. EverSource Wealth Advisors LLC grew its position in Goosehead Insurance by 480.4% in the second quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock worth $34,000 after acquiring an additional 269 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at $41,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock valued at $47,000 after buying an additional 393 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company's stock worth $51,000 after purchasing an additional 284 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Goosehead Insurance by 614.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock worth $74,000 after purchasing an additional 860 shares during the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance NASDAQ: GSHD is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.

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