Goosehead Insurance Inc (NASDAQ:GSHD) CFO Sells $255,646.00 in Stock

Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 3,400 shares of Goosehead Insurance stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $75.19, for a total transaction of $255,646.00. Following the completion of the transaction, the chief financial officer now directly owns 81,360 shares in the company, valued at approximately $6,117,458.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

GSHD stock opened at $75.16 on Wednesday. The firm has a 50 day moving average of $65.02 and a 200 day moving average of $52.23. The stock has a market capitalization of $2.65 billion, a PE ratio of 341.65 and a beta of 0.78. Goosehead Insurance Inc has a 52 week low of $37.26 and a 52 week high of $76.31.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Thursday, April 30th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $20.43 million during the quarter, compared to analyst estimates of $20.16 million. Goosehead Insurance had a negative return on equity of 12.02% and a net margin of 4.25%. Sell-side analysts anticipate that Goosehead Insurance Inc will post 0.33 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Goosehead Insurance by 691.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,751,852 shares of the company’s stock valued at $74,278,000 after acquiring an additional 1,530,493 shares during the period. Blair William & Co. IL lifted its stake in Goosehead Insurance by 44.3% during the 4th quarter. Blair William & Co. IL now owns 763,224 shares of the company’s stock valued at $32,361,000 after acquiring an additional 234,230 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Goosehead Insurance by 7,977.8% in the 1st quarter. Alliancebernstein L.P. now owns 678,534 shares of the company’s stock valued at $30,283,000 after purchasing an additional 670,134 shares during the period. Zevenbergen Capital Investments LLC lifted its stake in shares of Goosehead Insurance by 5.5% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 586,307 shares of the company’s stock valued at $26,167,000 after purchasing an additional 30,625 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Goosehead Insurance by 2.8% in the 1st quarter. Jennison Associates LLC now owns 469,538 shares of the company’s stock valued at $20,955,000 after purchasing an additional 12,893 shares during the period. Institutional investors and hedge funds own 42.04% of the company’s stock.

A number of brokerages have recently issued reports on GSHD. Zacks Investment Research raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Royal Bank of Canada lifted their price objective on shares of Goosehead Insurance from $59.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. ValuEngine raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, BidaskClub raised shares of Goosehead Insurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $55.60.

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: Growth Stocks

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

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