Insider Selling: Goosehead Insurance Inc (NASDAQ:GSHD) Major Shareholder Sells 13,606 Shares of Stock

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Goosehead Insurance Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 13,606 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $44.71, for a total value of $608,324.26. Major shareholders that own 10% or more 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 Thursday, October 3rd, & Robyn Jones Descendants Mark sold 22,763 shares of Goosehead Insurance stock. The shares were sold at an average price of $43.58, for a total value of $992,011.54.
  • On Tuesday, September 24th, & Robyn Jones Descendants Mark sold 16,027 shares of Goosehead Insurance stock. The shares were sold at an average price of $48.89, for a total value of $783,560.03.
  • On Wednesday, September 18th, & Robyn Jones Descendants Mark sold 42,731 shares of Goosehead Insurance stock. The stock was sold at an average price of $44.10, for a total value of $1,884,437.10.
  • On Friday, August 2nd, & Robyn Jones Descendants Mark sold 50,572 shares of Goosehead Insurance stock. The stock was sold at an average price of $42.18, for a total value of $2,133,126.96.
  • On Thursday, July 18th, & Robyn Jones Descendants Mark sold 13,794 shares of Goosehead Insurance stock. The stock was sold at an average price of $43.66, for a total value of $602,246.04.
  • On Monday, July 15th, & Robyn Jones Descendants Mark sold 16,785 shares of Goosehead Insurance stock. The shares were sold at an average price of $45.64, for a total value of $766,067.40.
  • On Friday, July 12th, & Robyn Jones Descendants Mark sold 13,362 shares of Goosehead Insurance stock. The shares were sold at an average price of $45.24, for a total value of $604,496.88.
  • On Monday, July 8th, & Robyn Jones Descendants Mark sold 20,009 shares of Goosehead Insurance stock. The shares were sold at an average price of $48.26, for a total value of $965,634.34.
  • On Wednesday, July 3rd, & Robyn Jones Descendants Mark sold 7,958 shares of Goosehead Insurance stock. The shares were sold at an average price of $50.05, for a total value of $398,297.90.

NASDAQ:GSHD traded up $0.65 during midday trading on Friday, reaching $47.05. The company had a trading volume of 68,171 shares, compared to its average volume of 268,413. The firm has a market capitalization of $699.56 million, a price-to-earnings ratio of 235.25, a PEG ratio of 2.72 and a beta of 0.34. The stock’s fifty day simple moving average is $46.48 and its 200-day simple moving average is $40.35. Goosehead Insurance Inc has a 12-month low of $20.49 and a 12-month high of $51.98.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The business had revenue of $19.40 million for the quarter, compared to analysts’ expectations of $19.83 million. Goosehead Insurance had a negative return on equity of 14.52% and a net margin of 5.06%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. As a group, equities research analysts predict that Goosehead Insurance Inc will post 0.34 earnings per share for the current fiscal year.

Several research firms recently commented on GSHD. Zacks Investment Research raised Goosehead Insurance from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, August 7th. ValuEngine cut Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Bank of America reissued a “buy” rating and set a $55.00 target price (up previously from $37.00) on shares of Goosehead Insurance in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. set a $60.00 target price on Goosehead Insurance and gave the stock a “buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Goosehead Insurance has an average rating of “Hold” and an average price target of $49.00.

Several institutional investors have recently bought and sold shares of the company. Wasatch Advisors Inc. lifted its holdings in shares of Goosehead Insurance by 20.7% in the 1st quarter. Wasatch Advisors Inc. now owns 1,564,556 shares of the company’s stock valued at $43,620,000 after purchasing an additional 268,202 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Goosehead Insurance by 16.7% in the 2nd quarter. BlackRock Inc. now owns 697,667 shares of the company’s stock valued at $33,348,000 after purchasing an additional 99,656 shares during the last quarter. Vanguard Group Inc. increased its position in Goosehead Insurance by 12.8% in the 2nd quarter. Vanguard Group Inc. now owns 533,427 shares of the company’s stock valued at $25,498,000 after acquiring an additional 60,653 shares during the period. Peregrine Capital Management LLC acquired a new position in Goosehead Insurance in the 2nd quarter valued at about $17,953,000. Finally, Ashford Capital Management Inc. acquired a new position in Goosehead Insurance in the 2nd quarter valued at about $14,474,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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