Goosehead Insurance Inc (NASDAQ:GSHD) Insider Mark Evan Jones Sells 13,516 Shares

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Goosehead Insurance Inc (NASDAQ:GSHD) insider Mark Evan Jones sold 13,516 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $45.31, for a total value of $612,409.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NASDAQ:GSHD opened at $43.47 on Friday. The business’s 50-day moving average is $45.97 and its 200 day moving average is $35.77. Goosehead Insurance Inc has a 1 year low of $20.49 and a 1 year high of $51.47. The firm has a market capitalization of $657.35 million, a P/E ratio of 217.35, a P/E/G ratio of 2.64 and a beta of 0.31.

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

GSHD has been the topic of several recent analyst reports. Zacks Investment Research raised Goosehead Insurance from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and set a $55.00 target price (up from $37.00) on shares of Goosehead Insurance in a research report on Tuesday, July 2nd. Finally, ValuEngine lowered Goosehead Insurance from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

A number of institutional investors have recently bought and sold shares of GSHD. Peregrine Capital Management LLC purchased a new stake in Goosehead Insurance during the 2nd quarter valued at about $17,953,000. Ashford Capital Management Inc. purchased a new stake in Goosehead Insurance during the 2nd quarter valued at about $14,474,000. Wasatch Advisors Inc. grew its stake in Goosehead Insurance by 20.7% during 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. Castleark Management LLC purchased a new stake in Goosehead Insurance during the 2nd quarter valued at about $6,376,000. Finally, BlackRock Inc. grew its stake in Goosehead Insurance by 16.7% during 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. Institutional investors and hedge funds own 80.29% of the company’s stock.

About Goosehead Insurance

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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