& Robyn Jones Descendants Mark Sells 31,516 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Key Points

• Major shareholder & Robyn Jones Descendants Mark sold 31,516 shares of Goosehead Insurance stock for approximately $2.94 million, reducing their ownership by 19.23%.
• Goosehead Insurance's stock price dropped by 3.4% to $88.65, while the company had a market capitalization of $3.33 billion and a P/E ratio of 78.45.
• JPMorgan and UBS Group recently adjusted their price targets for Goosehead Insurance to $98.00 and $136.00, respectively, indicating a mix of ratings from "neutral" to "buy."

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 31,516 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $93.24, for a total value of $2,938,551.84. Following the completion of the sale, the insider owned 132,349 shares in the company, valued at $12,340,220.76. This represents a 19.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large 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 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 value of $2,240,292.60.
• On Monday, May 12th, & Robyn Jones Descendants Mark sold 50,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $103.74, for a total value of $5,187,000.00.
• On Thursday, May 8th, & Robyn Jones Descendants Mark sold 30,081 shares of Goosehead Insurance stock. The shares were sold at an average price of $101.95, for a total transaction of $3,066,757.95.

Goosehead Insurance Trading Up 3.4%

Shares of GSHD stock traded up $2.93 during trading hours on Monday, reaching $88.65. The company's stock had a trading volume of 493,972 shares, compared to its average volume of 295,730. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. The firm's fifty day simple moving average is $101.53 and its 200 day simple moving average is $107.21. The stock has a market capitalization of $3.33 billion, a P/E ratio of 78.45, a P/E/G ratio of 7.52 and a beta of 1.31. 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 posted its quarterly 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 analysts' expectations of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%. The business's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 EPS. Equities research analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GSHD shares. JPMorgan Chase & Co. dropped their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. JMP Securities reissued a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. UBS Group decreased their target price on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Monday, July 28th. Piper Sandler reissued a "neutral" rating and issued a $109.00 price target (down previously from $122.00) on shares of Goosehead Insurance in a research report on Thursday, July 24th. Finally, BMO Capital Markets dropped their target price on shares of 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Goosehead Insurance presently has an average rating of "Hold" and a consensus target price of $109.50.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. lifted its stake in shares of Goosehead Insurance by 192.9% during the 1st quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after buying an additional 191 shares in the last quarter. TCTC Holdings LLC increased its position in shares of Goosehead Insurance by 117.1% during the 1st quarter. TCTC Holdings LLC now owns 330 shares of the company's stock valued at $39,000 after purchasing an additional 178 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Goosehead Insurance by 1,251.6% in the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after acquiring an additional 388 shares during the last quarter. CWM LLC boosted its position in shares of Goosehead Insurance by 73.8% during the second quarter. CWM LLC now owns 471 shares of the company's stock valued at $50,000 after buying an additional 200 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Goosehead Insurance in the first quarter worth $53,000.

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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