& Robyn Jones Descendants Mark Sells 14,717 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Key Points

• & Robyn Jones Descendants Mark sold a total of 14,717 shares of Goosehead Insurance stock on August 8th for approximately $1.28 million, resulting in a 10.01% decrease in their ownership stake.
• The company reported earnings of $0.49 per share for the last quarter, missing estimates, while its revenue grew 20.4% year-over-year to $94.03 million.
• Analyst ratings on Goosehead Insurance are mixed, with a consensus rating of "Hold" and predictions for a price target averaging $110.91.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 14,717 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $87.18, for a total transaction of $1,283,028.06. Following the transaction, the insider owned 132,349 shares of the company's stock, valued at approximately $11,538,185.82. The trade was a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large 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 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 transaction 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 transaction of $4,209,155.20.
• 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 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 stock was 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 stock was 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 stock was sold at an average price of $93.24, for a total transaction of $2,938,551.84.
• On Wednesday, May 14th, & Robyn Jones Descendants Mark sold 21,385 shares of Goosehead Insurance stock. The stock was sold at an average price of $104.76, for a total transaction of $2,240,292.60.

Goosehead Insurance Trading Down 0.5%

Shares of NASDAQ GSHD traded down $0.40 during mid-day trading on Friday, hitting $86.06. The company's stock had a trading volume of 713,677 shares, compared to its average volume of 480,785. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 76.16, a price-to-earnings-growth ratio of 7.37 and a beta of 1.31. The company's fifty day simple moving average is $96.97 and its 200-day simple moving average is $105.92. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. Goosehead Insurance has a one year low of $79.33 and a one year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly 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 firm had revenue of $94.03 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, sell-side analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Goosehead Insurance

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GSHD shares. JPMorgan Chase & Co. lowered their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. 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 report on Friday, July 25th. Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a report on Wednesday. JMP Securities reissued a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday, April 24th. Finally, 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 report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.