& Robyn Jones Descendants Mark Sells 22,481 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 22,481 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $66.87, for a total transaction of $1,503,304.47. Following the completion of the transaction, the insider owned 6,767,661 shares in the company, valued at $452,553,491.07. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, August 3rd, & Robyn Jones Descendants Mark sold 100,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $65.31, for a total transaction of $6,531,000.00.
• On Thursday, July 30th, & Robyn Jones Descendants Mark sold 2,519 shares of Goosehead Insurance stock. The shares were sold at an average price of $66.27, for a total transaction of $166,934.13.
• On Wednesday, July 29th, & Robyn Jones Descendants Mark sold 125,000 shares of Goosehead Insurance stock. The shares were sold at an average price of $69.71, for a total transaction of $8,713,750.00.
• On Wednesday, May 27th, & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88.
• On Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.07, for a total transaction of $1,826,711.16.
• On Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.77, for a total transaction of $3,453,919.53.
• On Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.36, for a total transaction of $2,926,261.36.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $66.66 on Friday. The stock’s 50-day moving average is $49.14 and its two-hundred day moving average is $48.50. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 2.40 and a beta of 1.38. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $90.79.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.17. The business had revenue of $95.63 million during the quarter, compared to the consensus estimate of $103.30 million. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.The business’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. As a group, research analysts predict that Goosehead Insurance will post 1.45 EPS for the current year.

Institutional Trading of Goosehead Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new stake in Goosehead Insurance during the 2nd quarter worth approximately $6,545,000. Handelsbanken Fonder AB increased its holdings in shares of Goosehead Insurance by 12.1% in the second quarter. Handelsbanken Fonder AB now owns 6,500 shares of the company’s stock valued at $315,000 after purchasing an additional 700 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Goosehead Insurance by 484.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock valued at $25,000 after purchasing an additional 426 shares during the period. Versant Capital Management Inc raised its stake in shares of Goosehead Insurance by 471.9% during the second quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock worth $37,000 after purchasing an additional 637 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Goosehead Insurance by 28.2% during the first quarter. Bank of America Corp DE now owns 329,333 shares of the company’s stock worth $14,049,000 after purchasing an additional 72,527 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GSHD. Royal Bank Of Canada boosted their price objective on Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods cut their target price on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Citizens Jmp decreased their price target on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Finally, Weiss Ratings raised shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $68.45.

About Goosehead Insurance

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.