& Robyn Jones Descendants Mark Sells 6,175 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Key Points

• & Robyn Jones Descendants Mark sold a total of 6,175 shares of Goosehead Insurance at an average price of $87.14, reducing their ownership by 4.46% to 132,349 shares valued at approximately $11.5 million.
• The company's quarterly earnings showed a miss with earnings per share at $0.49, below the expected $0.53, despite revenue increasing by 20.4% to $94.03 million.
• Analysts have recently adjusted their price targets for Goosehead Insurance, with a consensus rating of "Hold" and an average target price of $109.50, reflecting varied outlooks on the stock's performance.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 6,175 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $87.14, for a total value of $538,089.50. Following the completion of the transaction, the insider directly owned 132,349 shares in the company, valued at approximately $11,532,891.86. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 6th, & Robyn Jones Descendants Mark sold 12,153 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.60, for a total value of $1,064,602.80.
• On Tuesday, August 5th, & Robyn Jones Descendants Mark sold 900 shares of Goosehead Insurance stock. The shares were sold at an average price of $89.41, for a total value 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 value 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 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.

Goosehead Insurance Trading Up 0.2%

Shares of NASDAQ GSHD traded up $0.17 during trading hours on Thursday, reaching $87.17. The stock had a trading volume of 243,293 shares, compared to its average volume of 296,860. Goosehead Insurance has a 52-week low of $79.33 and a 52-week high of $130.39. The business's fifty day moving average price is $100.26 and its two-hundred day moving average price is $106.79. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 77.14, a P/E/G ratio of 7.78 and a beta of 1.31. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The company had revenue of $94.03 million during the quarter, compared to analysts' expectations of $94.18 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company's revenue was up 20.4% compared to the same quarter last year. Analysts expect that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Institutional Trading of Goosehead Insurance

Institutional investors have recently made changes to their positions in the business. King Luther Capital Management Corp lifted its position in Goosehead Insurance by 4.9% during the 2nd quarter. King Luther Capital Management Corp now owns 124,544 shares of the company's stock worth $13,141,000 after acquiring an additional 5,868 shares during the period. Future Fund LLC purchased a new position in shares of Goosehead Insurance in the 2nd quarter valued at about $928,000. Bryce Point Capital LLC increased its stake in shares of Goosehead Insurance by 2.2% in 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. Bank of New York Mellon Corp increased its stake in shares of Goosehead Insurance by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 146,330 shares of the company's stock valued at $15,439,000 after purchasing an additional 5,363 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Goosehead Insurance by 2.2% in 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.

Analyst Upgrades and Downgrades

Several research firms recently commented on GSHD. Piper Sandler reiterated 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. Keefe, Bruyette & Woods dropped their price target on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. BMO Capital Markets dropped their price target on 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. JPMorgan Chase & Co. dropped their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, JMP Securities restated a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of "Hold" and an average target price of $109.50.

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.

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