Goosehead Insurance Inc (NASDAQ:GSHD) insider Serena Jones sold 10,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $46.08, for a total value of $460,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Serena Jones also recently made the following trade(s):
- On Monday, July 1st, Serena Jones sold 9,114 shares of Goosehead Insurance stock. The shares were sold at an average price of $48.32, for a total value of $440,388.48.
NASDAQ:GSHD opened at $43.47 on Friday. The firm has a market cap of $678.69 million, a PE ratio of 160.29, a price-to-earnings-growth ratio of 2.64 and a beta of 0.31. Goosehead Insurance Inc has a fifty-two week low of $20.49 and a fifty-two week high of $51.47. The business has a 50 day moving average price of $45.97 and a 200-day moving average price of $35.77.
Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Goosehead Insurance had a net margin of 5.06% and a negative return on equity of 14.52%. The company had revenue of $19.40 million for the quarter, compared to analysts’ expectations of $19.83 million. Goosehead Insurance’s revenue was up 31.1% compared to the same quarter last year. As a group, equities research analysts forecast that Goosehead Insurance Inc will post 0.34 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Wasatch Advisors Inc. lifted its stake in Goosehead Insurance by 20.7% in the first quarter. Wasatch Advisors Inc. now owns 1,564,556 shares of the company’s stock worth $43,620,000 after acquiring an additional 268,202 shares during the period. BlackRock Inc. lifted its stake in Goosehead Insurance by 16.7% in the second quarter. BlackRock Inc. now owns 697,667 shares of the company’s stock worth $33,348,000 after acquiring an additional 99,656 shares during the period. Vanguard Group Inc. lifted its stake in Goosehead Insurance by 12.8% in the second quarter. Vanguard Group Inc. now owns 533,427 shares of the company’s stock worth $25,498,000 after acquiring an additional 60,653 shares during the period. Hodges Capital Management Inc. lifted its stake in Goosehead Insurance by 34.4% in the first quarter. Hodges Capital Management Inc. now owns 384,525 shares of the company’s stock worth $10,721,000 after acquiring an additional 98,355 shares during the period. Finally, Peregrine Capital Management LLC purchased a new stake in Goosehead Insurance in the second quarter worth $17,953,000. 80.29% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the company. ValuEngine lowered Goosehead Insurance from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Bank of America reissued a “buy” rating and set a $55.00 price objective (up previously from $37.00) on shares of Goosehead Insurance in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research raised Goosehead Insurance from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, August 7th.
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.
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