& Robyn Jones Descendants Mark Sells 5,090 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Key Points

• Robyn Jones Descendants' Mark sold 5,090 shares of Goosehead Insurance on May 1 at $45.32 for $230,678.80 and, together with sales on April 28–29, sold 10,576 shares for roughly $494,568, leaving him with 7,203,796 shares (a 0.07% ownership decrease).
• Goosehead beat Q1 EPS expectations ($0.37 vs. $0.20) but missed revenue estimates ($79.48M vs. $105.16M); the stock traded at $42.46 and analysts' consensus is Hold with an average target of $67.73.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 5,090 shares of the business's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $45.32, for a total value of $230,678.80. Following the sale, the insider directly owned 7,203,796 shares of the company's stock, valued at $326,476,034.72. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 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, April 29th, & Robyn Jones Descendants Mark sold 5,307 shares of Goosehead Insurance stock. The stock was sold at an average price of $48.07, for a total value of $255,107.49.
• On Tuesday, April 28th, & Robyn Jones Descendants Mark sold 179 shares of Goosehead Insurance stock. The stock was sold at an average price of $49.06, for a total value of $8,781.74.

Goosehead Insurance Stock Performance

NASDAQ:GSHD traded down $1.13 on Tuesday, hitting $42.46. 388,094 shares of the stock were exchanged, compared to its average volume of 467,202. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 1.60 and a beta of 1.62. Goosehead Insurance has a 52 week low of $39.64 and a 52 week high of $114.76. The company's 50-day moving average price is $45.57 and its 200 day moving average price is $60.55.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.17. The company had revenue of $79.48 million during the quarter, compared to analyst estimates of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company's revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 EPS. As a group, equities research analysts predict that Goosehead Insurance will post 1.4 earnings per share for the current year.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock valued at $34,000 after purchasing an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. grew its position 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 purchasing an additional 393 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at approximately $41,000. Fifth Third Bancorp boosted its position in Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company's stock worth $51,000 after acquiring an additional 284 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Goosehead Insurance by 614.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock worth $74,000 after acquiring an additional 860 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GSHD. UBS Group boosted their target price on Goosehead Insurance from $81.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Wall Street Zen upgraded Goosehead Insurance from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Keefe, Bruyette & Woods boosted their target price on Goosehead Insurance from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. decreased their target price on Goosehead Insurance from $68.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, April 9th. Finally, Truist Financial decreased their target price on Goosehead Insurance from $72.00 to $58.00 and set a "hold" rating for the company in a research report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $67.73.

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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