Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $3,066,757.95 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $101.95, for a total transaction of $3,066,757.95. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $13,492,980.55. The trade was a 18.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• On Monday, March 24th, & Robyn Jones Descendants Mark sold 43,712 shares of Goosehead Insurance stock. The stock was sold at an average price of $120.82, for a total transaction of $5,281,283.84.
• On Wednesday, March 12th, & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock. The stock was sold at an average price of $120.12, for a total transaction of $60,060.00.
• On Wednesday, March 5th, & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00.

Goosehead Insurance Trading Up 0.7%

Shares of Goosehead Insurance stock opened at $102.92 on Monday. Goosehead Insurance, Inc has a 12-month low of $54.80 and a 12-month high of $130.39. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 142.95, a PEG ratio of 5.17 and a beta of 1.45. 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’s 50-day moving average price is $109.96 and its 200-day moving average price is $111.69.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities analysts expect that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GSHD has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. UBS Group cut their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. dropped their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. JMP Securities reiterated a “market outperform” rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. Finally, Bank of America increased their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 25th. One investment 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 company has an average rating of “Hold” and a consensus price target of $115.40.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently modified their holdings of GSHD. Bessemer Group Inc. lifted its holdings in shares of Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company’s stock worth $34,000 after buying an additional 191 shares in the last quarter. R Squared Ltd purchased a new stake in Goosehead Insurance in the fourth quarter valued at approximately $39,000. TCTC Holdings LLC raised its stake in Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company’s stock valued at $39,000 after purchasing an additional 178 shares in the last quarter. Larson Financial Group LLC raised its stake in Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company’s stock valued at $49,000 after purchasing an additional 388 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Goosehead Insurance in the first quarter valued at approximately $53,000.

About Goosehead Insurance

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.