Insider Selling: Goosehead Insurance Inc (NASDAQ:GSHD) COO Sells $25,245.00 in Stock

Goosehead Insurance Inc (NASDAQ:GSHD) COO Michael C. Colby sold 297 shares of Goosehead Insurance stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $85.00, for a total transaction of $25,245.00. Following the sale, the chief operating officer now owns 632,133 shares of the company’s stock, valued at $53,731,305. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of GSHD opened at $103.33 on Friday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 381.32 and a beta of 0.80. Goosehead Insurance Inc has a fifty-two week low of $37.26 and a fifty-two week high of $105.98. The firm has a 50 day moving average price of $77.03 and a 200-day moving average price of $58.17.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.17. Goosehead Insurance had a net margin of 4.25% and a negative return on equity of 12.02%. Equities research analysts forecast that Goosehead Insurance Inc will post 0.33 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can bought a new stake in shares of Goosehead Insurance in the 4th quarter worth approximately $36,000. Advisor Group Holdings Inc. bought a new stake in Goosehead Insurance during the 1st quarter valued at $72,000. Bessemer Group Inc. bought a new stake in Goosehead Insurance during the 1st quarter valued at $76,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Goosehead Insurance by 98.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,050 shares of the company’s stock valued at $79,000 after buying an additional 522 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Goosehead Insurance by 50.9% during the 1st quarter. Victory Capital Management Inc. now owns 3,181 shares of the company’s stock valued at $142,000 after buying an additional 1,073 shares during the last quarter. Hedge funds and other institutional investors own 42.07% of the company’s stock.

Several brokerages have issued reports on GSHD. Royal Bank of Canada lifted their target price on shares of Goosehead Insurance from $59.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. BidaskClub upgraded shares of Goosehead Insurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods lifted their target price on shares of Goosehead Insurance from $84.00 to $90.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Zacks Investment Research lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Goosehead Insurance has a consensus rating of “Buy” and an average target price of $78.25.

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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