& 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 Goosehead Insurance 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 completion of the transaction, the insider owned 132,349 shares in the company, valued at approximately $11,538,185.82. This represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• 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 0.6%

Shares of GSHD traded down $0.52 on Tuesday, hitting $86.07. 296,665 shares of the stock traded hands, compared to its average volume of 442,970. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $3.23 billion, a P/E ratio of 76.17, a P/E/G ratio of 7.60 and a beta of 1.31. The stock's 50 day moving average is $98.39 and its two-hundred day moving average is $106.31. Goosehead Insurance has a 1 year low of $79.33 and a 1 year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $94.03 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. As a group, sell-side analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Goosehead Insurance

Several institutional investors and hedge funds have recently modified their holdings of GSHD. Harbor Investment Advisory LLC increased its position in Goosehead Insurance by 9.9% during 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 last quarter. Bank of Montreal Can grew its holdings in Goosehead Insurance by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 5,299 shares of the company's stock valued at $559,000 after purchasing an additional 116 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Goosehead Insurance by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock valued at $2,371,000 after purchasing an additional 139 shares in the last quarter. Bryce Point Capital LLC grew its holdings in Goosehead Insurance by 2.2% during the 2nd quarter. Bryce Point Capital LLC now owns 6,954 shares of the company's stock valued at $734,000 after purchasing an additional 148 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in Goosehead Insurance by 7.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,436 shares of the company's stock valued at $257,000 after purchasing an additional 159 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on GSHD shares. Keefe, Bruyette & Woods reduced their price target 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. Cantor Fitzgerald started coverage on shares of Goosehead Insurance in a report on Tuesday. They issued an "overweight" rating and a $125.00 price target on the stock. UBS Group reduced their price target on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, July 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price target 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $110.91.

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.

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