Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) CEO Sells 58,327 Shares of Stock

by · The Cerbat Gem

Goosehead Insurance, Inc (NASDAQ:GSHD – Get Free Report) CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the sale, the chief executive officer now owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Goosehead Insurance Trading Up 1.8 %

NASDAQ GSHD traded up $1.98 during trading on Friday, hitting $113.00. The company had a trading volume of 223,959 shares, compared to its average volume of 292,368. The company’s fifty day moving average is $93.67 and its 200-day moving average is $76.28. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $115.00. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 154.20, a price-to-earnings-growth ratio of 4.10 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the prior year, the business earned $0.28 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts predict that Goosehead Insurance, Inc will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. purchased a new position in Goosehead Insurance in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in shares of Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after buying an additional 231 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after buying an additional 210 shares in the last quarter. Blue Trust Inc. raised its position in Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after buying an additional 403 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Goosehead Insurance by 2,810.7% during the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after acquiring an additional 787 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. TD Cowen lowered Goosehead Insurance from a “buy” rating to a “hold” rating and dropped their price target for the stock from $98.00 to $94.00 in a research note on Thursday, August 15th. Piper Sandler boosted their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Royal Bank of Canada increased their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Truist Financial increased their target price on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $91.30.

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About Goosehead Insurance

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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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