& Robyn Jones Descendants Mark Sells 45,588 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 45,588 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $40.07, for a total transaction of $1,826,711.16. Following the sale, the insider directly owned 7,004,768 shares of the company’s stock, valued at $280,681,053.76. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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, 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 shares were sold at an average price of $49.06, for a total transaction of $8,781.74.

Goosehead Insurance Price Performance

GSHD traded down $1.68 during trading on Tuesday, hitting $40.00. 600,225 shares of the stock traded hands, compared to its average volume of 363,027. The firm has a market capitalization of $1.42 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.62. The firm has a 50-day moving average of $42.82 and a 200 day moving average of $57.34. Goosehead Insurance has a 12-month low of $35.83 and a 12-month high of $113.00.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.17. The business had revenue of $79.48 million during the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, equities analysts predict that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Phocas Financial Corp. purchased a new position in Goosehead Insurance during the 4th quarter valued at about $3,669,000. Jacobson & Schmitt Advisors LLC lifted its position in Goosehead Insurance by 31.8% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 136,553 shares of the company’s stock valued at $10,162,000 after acquiring an additional 32,981 shares during the period. M&T Bank Corp lifted its position in Goosehead Insurance by 1,075.4% during the 4th quarter. M&T Bank Corp now owns 115,834 shares of the company’s stock valued at $8,531,000 after acquiring an additional 105,979 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Goosehead Insurance by 43,893.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,111 shares of the company’s stock valued at $4,795,000 after acquiring an additional 64,963 shares during the period. Finally, UBS Group AG lifted its position in Goosehead Insurance by 26.7% during the 4th quarter. UBS Group AG now owns 156,019 shares of the company’s stock valued at $11,491,000 after acquiring an additional 32,920 shares during the period.

Analyst Upgrades and Downgrades

GSHD has been the subject of several research analyst reports. Weiss Ratings cut shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Piper Sandler dropped their target price on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday. Citigroup reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. JPMorgan Chase & Co. dropped their target price on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Finally, Citizens Jmp dropped their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $66.73.

Goosehead Insurance Company Profile

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.