Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Mark E. Jr. Jones Sells 811 Shares

Opinions of the company Goosehead Insurance, Inc. Get Votes) principal owner Mark E. Jr. Jones sold 811 shares of Goosehead Insurance stock in a transaction dated Wednesday, July 20th. The shares were traded at an average price of $55.03, for a total value of $44,629.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via SEC website. Major shareholders who own 10% or more of their shares are required to disclose their transactions with the SEC.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance traded up $1.56 during midday trading on Friday, hitting $54.12. The company’s stock consisted of 4,705 trading shares, compared to its volume of 284,030. Goosehead Insurance, Inc has a one year low of $39.00 and a one year high of $181.30. The company has a 50-day moving average of $49.27 and a 200-day moving average of $69.13. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 348.02, a PEG ratio of 14.67 and a beta of 0.93.

Goosehead Insurance (NASDAQ:GSHD – Get Votes) last issued its earnings results on Tuesday, April 26. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) and ($0.08). The company had revenue of $41.28 million during the quarter, compared to analyst estimates of $41.69 million. Goosehead Insurance had a margin of 2.20% and a negative return of 5.90%. In the same quarter last year, the company posted ($0.02) earnings per share. sell-side analysts forecast that Goosehead Insurance, Inc will post 0.24 EPS for the current year.

Industry Marketers Weigh On Goosehead Insurance

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Several hedge funds and other institutional investors have recently modified their positions in GSHD. CVA Family Office LLC bought a new stake in Goosehead Insurance in the 4th quarter worth about $39,000. Allspring Global Investments Holdings LLC bought a new stake in Goosehead Insurance in the 4th quarter valued at about $94,106,000. State of New Jersey Common Pension Fund D boosted its holdings in Goosehead Insurance by 12.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 21,442 shares of the company’s stock valued at $2,789,000 after acquiring an additional 2,441 shares in the last quarter. Peregrine Capital Management LLC boosted its holdings in Goosehead Insurance by 10.6% in the fourth quarter. Peregrine Capital Management LLC now owns 169,939 shares of the company’s stock valued at $22,106,000 after acquiring an additional 16,271 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Goosehead Insurance by 20.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,335 shares of the company’s stock worth $304,000 after acquiring an additional 398 shares in the last quarter.

Changes in Analyst Ratings

Several brokerages have recently commented on GSHD. Piper Sandler lowered their price objective on Goosehead Insurance from $75.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. JMP Securities reduced their price objective on Goosehead Insurance from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, June 24th. Royal Bank of Canada cut their price objective on Goosehead Insurance from $140.00 to $120.00 in a research note on Wednesday, April 27th. Finally, Truist Financial cut their price objective on Goosehead Insurance from $75.00 to $60.00 in a research note on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.33.

About Goosehead Insurance

(Get Votes)

Goosehead Insurance, Inc operates as a subsidiary of Goosehead Financial, LLC which provides insurance services in the United States. The company operates in two channels, Corporate Channel and Franchise Channel. They offer homeowner’s insurance, insurance, auto, home insurance, flood, wind, earthquake, excess or umbrella, motorcycle, recreational vehicle, general liability, goods, property and services life insurance.

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