Goosehead Insurance Inc (NASDAQ:GSHD) Insider Sells $460,800.00 in Stock

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Goosehead Insurance Inc (NASDAQ:GSHD) insider Serena Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $46.08, for a total value of $460,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Serena Jones also recently made the following trade(s):

  • On Monday, July 1st, Serena Jones sold 9,114 shares of Goosehead Insurance stock. The stock was sold at an average price of $48.32, for a total value of $440,388.48.

Shares of GSHD opened at $43.47 on Friday. The stock has a market capitalization of $678.69 million, a price-to-earnings ratio of 160.29, a price-to-earnings-growth ratio of 2.64 and a beta of 0.31. Goosehead Insurance Inc has a 1 year low of $20.49 and a 1 year high of $51.47. The business’s 50 day simple moving average is $45.97 and its 200-day simple moving average is $35.77.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) 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 negative return on equity of 14.52% and a net margin of 5.06%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. As a group, analysts expect that Goosehead Insurance Inc will post 0.34 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently modified their holdings of GSHD. BlackRock Inc. lifted its stake in Goosehead Insurance by 0.4% in the fourth quarter. BlackRock Inc. now owns 529,833 shares of the company’s stock valued at $13,929,000 after acquiring an additional 2,089 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Goosehead Insurance in the fourth quarter valued at $359,000. Geode Capital Management LLC lifted its stake in Goosehead Insurance by 13.3% in the fourth quarter. Geode Capital Management LLC now owns 108,381 shares of the company’s stock valued at $2,849,000 after acquiring an additional 12,734 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Goosehead Insurance by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,219 shares of the company’s stock valued at $85,000 after acquiring an additional 2,514 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in Goosehead Insurance by 34.4% in the first quarter. Hodges Capital Management Inc. now owns 384,525 shares of the company’s stock valued at $10,721,000 after acquiring an additional 98,355 shares during the last quarter. 80.29% of the stock is currently owned by institutional investors and hedge funds.

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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