Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $490,000.00 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder Adrienne Kebodeaux sold 7,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $70.00, for a total value of $490,000.00. Following the completion of the transaction, the insider directly owned 273,027 shares in the company, valued at $19,111,890. The trade was a 2.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Adrienne Kebodeaux also recently made the following trade(s):

• On Tuesday, July 28th, Adrienne Kebodeaux sold 5,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $65.20, for a total value of $326,000.00.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $71.31 on Thursday. The stock has a market cap of $2.53 billion, a PE ratio of 52.05, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. The stock has a 50-day moving average of $58.00 and a 200-day moving average of $48.75. Goosehead Insurance has a one year low of $33.68 and a one year high of $88.13.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The firm had revenue of $95.63 million during the quarter, compared to analysts’ expectations of $103.30 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, research analysts anticipate that Goosehead Insurance will post 1.45 earnings per share for the current year.

Institutional Trading of Goosehead Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in GSHD. Wasatch Advisors LP increased its stake in Goosehead Insurance by 32.3% in the 1st quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock valued at $97,786,000 after buying an additional 559,087 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Goosehead Insurance by 38.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after acquiring an additional 556,293 shares in the last quarter. Durable Capital Partners LP boosted its position in Goosehead Insurance by 126.5% during the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after purchasing an additional 861,374 shares during the last quarter. California State Teachers Retirement System grew its stake in Goosehead Insurance by 3,350.6% in the second quarter. California State Teachers Retirement System now owns 1,219,824 shares of the company’s stock valued at $59,161,000 after purchasing an additional 1,184,473 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its position in shares of Goosehead Insurance by 3.2% during the 4th quarter. DF Dent & Co. Inc. now owns 1,044,660 shares of the company’s stock worth $76,939,000 after purchasing an additional 32,246 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GSHD. Weiss Ratings upgraded Goosehead Insurance from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. JPMorgan Chase & Co. raised their price target on Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods cut their price objective on Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. UBS Group boosted their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Piper Sandler increased their target price on Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Goosehead Insurance presently has an average rating of “Hold” and a consensus price target of $68.45.

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.