Insider Selling: Goosehead Insurance Inc (NASDAQ:GSHD) Major Shareholder Sells 500 Shares of Stock

Goosehead Insurance Inc (NASDAQ:GSHD) major shareholder Serena Jones sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $47.05, for a total value of $23,525.00. Following the sale, the insider now directly owns 983,574 shares in the company, valued at approximately $46,277,156.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

GSHD traded up $0.12 during mid-day trading on Thursday, hitting $46.15. The stock had a trading volume of 154,036 shares, compared to its average volume of 141,082. The stock’s fifty day simple moving average is $42.82 and its 200-day simple moving average is $44.98. The firm has a market capitalization of $695.48 million, a price-to-earnings ratio of 159.14, a price-to-earnings-growth ratio of 1.57 and a beta of 0.10. Goosehead Insurance Inc has a 1-year low of $24.05 and a 1-year high of $51.98.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Friday, November 1st. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $21.17 million for the quarter, compared to analyst estimates of $21.57 million. Goosehead Insurance had a net margin of 5.69% and a negative return on equity of 15.46%. Goosehead Insurance’s revenue for the quarter was up 31.9% on a year-over-year basis. As a group, analysts forecast that Goosehead Insurance Inc will post 0.33 earnings per share for the current year.

Several research firms have recently commented on GSHD. Keefe, Bruyette & Woods boosted their price target on shares of Goosehead Insurance from $38.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. ValuEngine cut shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. Zacks Investment Research raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada assumed coverage on shares of Goosehead Insurance in a research note on Tuesday, December 17th. They set an “outperform” rating and a $50.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $51.60.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Squar Milner Financial Services LLC acquired a new stake in Goosehead Insurance in the fourth quarter worth $33,000. Metropolitan Life Insurance Co NY grew its holdings in Goosehead Insurance by 10.3% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 3,549 shares of the company’s stock worth $175,000 after acquiring an additional 330 shares during the last quarter. Millennium Management LLC bought a new stake in Goosehead Insurance during the 3rd quarter worth approximately $1,617,000. Squarepoint Ops LLC bought a new stake in Goosehead Insurance during the 3rd quarter worth approximately $469,000. Finally, Wildcat Capital Management LLC grew its holdings in Goosehead Insurance by 110.1% during the 3rd quarter. Wildcat Capital Management LLC now owns 146,078 shares of the company’s stock worth $7,209,000 after acquiring an additional 76,545 shares during the last quarter. Institutional investors own 88.86% of the company’s stock.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

Further Reading: Market Indexes

Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.