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

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $40.76, for a total value of $390,806.88. Following the sale, the insider owned 6,995,180 shares of the company’s stock, valued at approximately $285,123,536.80. This represents a 0.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large 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 stock was sold at an average price of $40.07, for a total value of $1,826,711.16.
• On Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The stock was sold at an average price of $41.77, for a total value of $3,453,919.53.
• On Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The stock was sold at an average price of $41.36, for a total value of $2,926,261.36.
• On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The stock was sold at an average price of $45.32, for a total value 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 value 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 value of $8,781.74.

Goosehead Insurance Trading Down 5.8%

GSHD traded down $2.32 during midday trading on Wednesday, hitting $37.68. The company’s stock had a trading volume of 531,561 shares, compared to its average volume of 376,406. The firm has a market cap of $1.34 billion, a P/E ratio of 33.05, a PEG ratio of 1.38 and a beta of 1.62. The firm has a 50-day moving average price of $42.68 and a two-hundred day moving average price of $57.13. Goosehead Insurance has a 52-week low of $35.83 and a 52-week high of $113.00.

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

Analyst Upgrades and Downgrades

Several analysts have commented on GSHD shares. Keefe, Bruyette & Woods lifted their price target on Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Bank of America lowered their price target on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Piper Sandler lowered their price target on Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday. BMO Capital Markets lowered their price target on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday, February 18th. Finally, Citizens Jmp lowered their price target on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and an average price target of $66.73.

Hedge Funds Weigh In On Goosehead Insurance

Hedge funds and other institutional investors have recently modified their holdings of the company. Phocas Financial Corp. acquired a new position in shares of Goosehead Insurance in 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 worth $10,162,000 after acquiring an additional 32,981 shares in the last quarter. 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 worth $8,531,000 after acquiring an additional 105,979 shares in the last quarter. 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 worth $4,795,000 after acquiring an additional 64,963 shares in the last quarter. 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 worth $11,491,000 after acquiring an additional 32,920 shares in the last quarter.

About Goosehead Insurance

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.