Goosehead Insurance Inc (NASDAQ:GSHD) insider Mark Evan Jones sold 13,516 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $45.31, for a total value of $612,409.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ GSHD opened at $43.47 on Friday. The stock’s 50-day moving average price is $45.97 and its 200-day moving average price is $35.77. Goosehead Insurance Inc has a 52 week low of $20.49 and a 52 week high of $51.47. The company has a market capitalization of $657.35 million, a P/E ratio of 217.35, a price-to-earnings-growth ratio of 2.64 and a beta of 0.31.
Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Goosehead Insurance had a negative return on equity of 14.52% and a net margin of 5.06%. The company had revenue of $19.40 million during the quarter, compared to the consensus estimate of $19.83 million. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, analysts forecast that Goosehead Insurance Inc will post 0.34 EPS for the current fiscal year.
GSHD has been the topic of several recent research reports. Bank of America reaffirmed a “buy” rating and issued a $55.00 price objective (up previously from $37.00) on shares of Goosehead Insurance in a research note on Tuesday, July 2nd. Zacks Investment Research raised Goosehead Insurance from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, August 7th. Finally, ValuEngine downgraded Goosehead Insurance from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
Several hedge funds and other institutional investors have recently bought and sold shares of GSHD. First Mercantile Trust Co. bought a new position in shares of Goosehead Insurance in the second quarter worth about $33,000. Bank of Montreal Can bought a new position in shares of Goosehead Insurance in the second quarter worth about $45,000. US Bancorp DE bought a new position in shares of Goosehead Insurance in the second quarter worth about $46,000. BNP Paribas Arbitrage SA raised its stake in shares of Goosehead Insurance by 487.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock worth $57,000 after buying an additional 1,685 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Goosehead Insurance during the 2nd quarter valued at approximately $57,000. 80.29% of the stock is currently owned by hedge funds and other institutional investors.
About Goosehead Insurance
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.
Read More: What are Bollinger Bands?
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.