& Robyn Jones Descendants Mark Sells 9,588 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

by · The Cerbat Gem

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total transaction of $390,806.88. Following the transaction, the insider owned 6,995,180 shares of the company’s stock, valued at $285,123,536.80. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% 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 Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The shares were 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.
  • On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The shares were sold at an average price of $45.32, for a total transaction of $230,678.80.
  • On Wednesday, April 29th, & Robyn Jones Descendants Mark sold 5,307 shares of Goosehead Insurance stock. The shares were sold at an average price of $48.07, for a total transaction 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 Price Performance

GSHD opened at $35.23 on Friday. The stock has a 50-day moving average price of $42.48 and a 200-day moving average price of $56.88. The firm has a market cap of $1.25 billion, a PE ratio of 30.90, a P/E/G ratio of 1.30 and a beta of 1.62. Goosehead Insurance has a 1 year low of $33.68 and a 1 year high of $113.00.

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its quarterly 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 firm 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%.Goosehead Insurance’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. As a group, sell-side analysts anticipate that Goosehead Insurance will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Goosehead Insurance from $81.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Cantor Fitzgerald decreased their price objective on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Weiss Ratings lowered shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and an average target price of $66.73.

View Our Latest Stock Analysis on Goosehead Insurance

Institutional Investors Weigh In On Goosehead Insurance

A number of hedge funds have recently added to or reduced their stakes in GSHD. EverSource Wealth Advisors LLC raised its stake in Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after buying an additional 269 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Goosehead Insurance during the 4th quarter valued at $41,000. Northwestern Mutual Wealth Management Co. raised its stake in Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after buying an additional 393 shares during the last quarter. Fifth Third Bancorp raised its stake in Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after buying an additional 284 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Goosehead Insurance by 614.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after buying an additional 860 shares during the last quarter.

About Goosehead Insurance

(Get Free Report)

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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