Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 45,588 Shares of Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 45,588 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $40.07, for a total transaction of $1,826,711.16. Following the completion of the transaction, the insider directly owned 7,004,768 shares in the company, valued at $280,681,053.76. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.77, for a total transaction 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 transaction 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 transaction of $230,678.80.
• On Wednesday, April 29th, & Robyn Jones Descendants Mark sold 5,307 shares of Goosehead Insurance stock. The stock was sold at an average price of $48.07, for a total transaction of $255,107.49.
• On Tuesday, April 28th, & Robyn Jones Descendants Mark sold 179 shares of Goosehead Insurance stock. The stock was sold at an average price of $49.06, for a total transaction of $8,781.74.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $40.00 on Wednesday. Goosehead Insurance has a 52 week low of $35.83 and a 52 week high of $113.00. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 1.44 and a beta of 1.62. The firm’s 50-day simple moving average is $42.82 and its 200 day simple moving average is $57.34.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The business had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same period last year, the firm earned $0.26 earnings per share. Goosehead Insurance’s revenue for the quarter was up 23.1% compared to the same quarter last year. Sell-side analysts anticipate that Goosehead Insurance will post 1.49 EPS for the current year.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds have recently bought and sold shares of GSHD. AQR Capital Management LLC increased its holdings in Goosehead Insurance by 85.7% in the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after buying an additional 1,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Goosehead Insurance by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock valued at $1,578,000 after buying an additional 578 shares during the period. Goldman Sachs Group Inc. increased its holdings in Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock valued at $41,885,000 after buying an additional 164,693 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Goosehead Insurance by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock valued at $6,894,000 after buying an additional 3,218 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Goosehead Insurance by 28.2% in the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after buying an additional 2,461 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GSHD. Piper Sandler lowered their price target on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. Bank of America lowered their price target on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a report on Wednesday, February 18th. Finally, Truist Financial decreased their target price on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and an average price target of $66.73.

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.