Goosehead Insurance Inc (NASDAQ:GSHD) COO Michael C. Colby sold 14,193 shares of Goosehead Insurance stock in a transaction on Monday, July 13th. The shares were sold at an average price of $85.91, for a total value of $1,219,320.63. Following the completion of the transaction, the chief operating officer now owns 652,831 shares in the company, valued at $56,084,711.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
GSHD stock traded down $1.55 on Tuesday, hitting $81.49. 231,200 shares of the company's stock were exchanged, compared to its average volume of 201,653. Goosehead Insurance Inc has a 12-month low of $37.26 and a 12-month high of $87.55. The firm has a 50 day moving average price of $70.49 and a two-hundred day moving average price of $54.82. The stock has a market cap of $2.97 billion, a P/E ratio of 370.79 and a beta of 0.80.
Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.01) EPS for the quarter, missing the Zacks' consensus estimate of $0.03 by ($0.04). Goosehead Insurance had a negative return on equity of 12.02% and a net margin of 4.25%. The firm had revenue of $20.43 million for the quarter, compared to analyst estimates of $20.16 million. As a group, sell-side analysts forecast that Goosehead Insurance Inc will post 0.33 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Great West Life Assurance Co. Can acquired a new stake in Goosehead Insurance during the 4th quarter worth about $36,000. Bank of Montreal Can lifted its position in Goosehead Insurance by 44.1% during the 4th quarter. Bank of Montreal Can now owns 1,444 shares of the company's stock worth $61,000 after acquiring an additional 442 shares during the period. Advisor Group Holdings Inc. acquired a new stake in Goosehead Insurance during the 1st quarter worth about $72,000. Bessemer Group Inc. acquired a new stake in Goosehead Insurance during the 1st quarter worth about $76,000. Finally, Victory Capital Management Inc. lifted its position in Goosehead Insurance by 50.9% during the 1st quarter. Victory Capital Management Inc. now owns 3,181 shares of the company's stock worth $142,000 after acquiring an additional 1,073 shares during the period. 42.07% of the stock is owned by institutional investors.
A number of research analysts have recently issued reports on GSHD shares. BidaskClub upgraded Goosehead Insurance from a "buy" rating to a "strong-buy" rating in a report on Friday, May 1st. Zacks Investment Research upgraded Goosehead Insurance from a "sell" rating to a "hold" rating in a research note on Tuesday, June 23rd. Finally, Royal Bank of Canada boosted their target price on Goosehead Insurance from $59.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, June 5th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of "Buy" and an average price target of $55.75.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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