Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $1,873,851.60 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 21,391 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $87.60, for a total transaction of $1,873,851.60. Following the completion of the transaction, the insider directly owned 132,349 shares of the company’s stock, valued at approximately $11,593,772.40. The trade was a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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 Friday, August 15th, & Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.01, for a total value of $52,206.00.
• On Wednesday, August 13th, & Robyn Jones Descendants Mark sold 60,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $88.23, for a total value of $5,293,800.00.
• On Tuesday, August 12th, & Robyn Jones Descendants Mark sold 48,320 shares of Goosehead Insurance stock. The stock was sold at an average price of $87.11, for a total value of $4,209,155.20.
• On Friday, August 8th, & Robyn Jones Descendants Mark sold 14,717 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.18, for a total value of $1,283,028.06.
• On Monday, August 11th, & Robyn Jones Descendants Mark sold 45,998 shares of Goosehead Insurance stock. The stock was sold at an average price of $86.44, for a total value of $3,976,067.12.
• On Thursday, August 7th, & Robyn Jones Descendants Mark sold 6,175 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.14, for a total value of $538,089.50.
• 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 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 shares were sold at an average price of $93.24, for a total transaction of $2,938,551.84.

Goosehead Insurance Price Performance

Shares of GSHD opened at $88.51 on Thursday. Goosehead Insurance has a fifty-two week low of $79.33 and a fifty-two week high of $130.39. The firm’s 50-day simple moving average is $95.72 and its two-hundred day simple moving average is $105.49. The stock has a market cap of $3.32 billion, a PE ratio of 78.33, a price-to-earnings-growth ratio of 7.39 and a beta of 1.31. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results 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 business 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%. Goosehead Insurance’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. Analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods cut their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. BMO Capital Markets reduced their price objective on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a research note on Friday, July 25th. Cantor Fitzgerald raised shares of Goosehead Insurance to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.91.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC bought a new stake in shares of Goosehead Insurance in the fourth quarter worth approximately $251,000. Bank of Montreal Can boosted its holdings in Goosehead Insurance by 7.6% in the fourth quarter. Bank of Montreal Can now owns 4,366 shares of the company’s stock worth $468,000 after purchasing an additional 307 shares during the last quarter. Invesco Ltd. boosted its holdings in Goosehead Insurance by 39.6% in the fourth quarter. Invesco Ltd. now owns 65,304 shares of the company’s stock worth $7,002,000 after purchasing an additional 18,537 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Goosehead Insurance in the 4th quarter worth approximately $491,000. Finally, XTX Topco Ltd purchased a new stake in Goosehead Insurance during the 4th quarter valued at $327,000.

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.