Mark S. Colby Sells 1,032 Shares of Goosehead Insurance Inc (NASDAQ:GSHD) Stock

Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 1,032 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $45.01, for a total transaction of $46,450.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ GSHD opened at $44.00 on Wednesday. The stock has a market cap of $651.02 million, a price-to-earnings ratio of 220.00, a PEG ratio of 2.60 and a beta of -0.09. The business has a fifty day moving average of $38.06. Goosehead Insurance Inc has a one year low of $20.49 and a one year high of $45.80.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $23.13 million during the quarter, compared to analyst estimates of $21.30 million. Goosehead Insurance had a negative net margin of 9.36% and a negative return on equity of 17.75%. The company’s revenue was up 58.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Goosehead Insurance Inc will post 0.34 EPS for the current fiscal year.



Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its stake in Goosehead Insurance by 487.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock worth $57,000 after purchasing an additional 1,685 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Goosehead Insurance during the 1st quarter worth $84,000. Metropolitan Life Insurance Co. NY boosted its stake in Goosehead Insurance by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,219 shares of the company’s stock worth $85,000 after purchasing an additional 2,514 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Goosehead Insurance during the 1st quarter worth $102,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in Goosehead Insurance during the 1st quarter worth $184,000. 79.37% of the stock is owned by institutional investors.

GSHD has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods set a $32.00 price target on shares of Goosehead Insurance and gave the stock a “hold” rating in a report on Tuesday, March 19th. Bank of America reissued a “buy” rating and issued a $37.00 price target (up previously from $35.00) on shares of Goosehead Insurance in a report on Friday, May 3rd. Finally, ValuEngine raised shares of Goosehead Insurance from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th.

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

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