Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Chairman Sells 11,699 Shares of Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) Chairman Mark Evan Jones sold 11,699 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $85.75, for a total transaction of $1,003,189.25. Following the completion of the transaction, the chairman now owns 39,451 shares of the company’s stock, valued at approximately $3,382,923.25. The sale was disclosed in a filing with the SEC, which is available at this link.

Mark Evan Jones also recently made the following trade(s):

• On Friday, August 16th, Mark Evan Jones sold 10,418 shares of Goosehead Insurance stock. The shares were sold at an average price of $85.88, for a total transaction of $894,697.84.

Goosehead Insurance Price Performance

Shares of GSHD traded down $1.57 during trading hours on Tuesday, reaching $82.34. The company had a trading volume of 154,142 shares, compared to its average volume of 303,273. The firm has a 50 day simple moving average of $68.27 and a 200-day simple moving average of $68.37. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 134.58, a PEG ratio of 4.61 and a beta of 1.35. Goosehead Insurance, Inc has a 12-month low of $50.47 and a 12-month high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The firm had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. During the same period last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Research analysts expect that Goosehead Insurance, Inc will post 0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GSHD shares. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Goosehead Insurance in a report on Thursday, July 25th. Piper Sandler increased their price target on shares of Goosehead Insurance from $65.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $84.00 price target (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and decreased their price target for the stock from $98.00 to $94.00 in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance has an average rating of “Moderate Buy” and a consensus price target of $78.60.

Institutional Investors Weigh In On Goosehead Insurance

Several hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Goosehead Insurance by 34.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after acquiring an additional 879,959 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in shares of Goosehead Insurance by 407.4% during the first quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock valued at $35,542,000 after purchasing an additional 428,355 shares during the period. Wasatch Advisors LP raised its stake in shares of Goosehead Insurance by 17.2% during the first quarter. Wasatch Advisors LP now owns 2,101,847 shares of the company’s stock valued at $140,025,000 after purchasing an additional 308,312 shares during the period. American Century Companies Inc. raised its stake in shares of Goosehead Insurance by 35.7% during the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after purchasing an additional 110,832 shares during the period. Finally, Norden Group LLC raised its stake in shares of Goosehead Insurance by 1,839.4% during the first quarter. Norden Group LLC now owns 109,942 shares of the company’s stock valued at $7,324,000 after purchasing an additional 104,273 shares during the period.

Goosehead Insurance Company Profile

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.