Goosehead Insurance Inc (NASDAQ:GSHD) major shareholder Desiree Coleman sold 4,403 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $75.23, for a total transaction of $331,237.69. Following the transaction, the insider now directly owns 484,154 shares in the company, valued at approximately $36,422,905.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Desiree Coleman also recently made the following trade(s):
- On Tuesday, June 30th, Desiree Coleman sold 17,128 shares of Goosehead Insurance stock. The shares were sold at an average price of $75.22, for a total transaction of $1,288,368.16.
- On Friday, June 26th, Desiree Coleman sold 9,910 shares of Goosehead Insurance stock. The shares were sold at an average price of $75.20, for a total transaction of $745,232.00.
Shares of NASDAQ:GSHD opened at $75.16 on Wednesday. The firm has a market capitalization of $2.65 billion, a PE ratio of 341.65 and a beta of 0.78. The firm’s 50-day moving average is $65.02 and its two-hundred day moving average is $52.23. Goosehead Insurance Inc has a 1 year low of $37.26 and a 1 year high of $76.31.
Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.04). The business had revenue of $20.43 million for the quarter, compared to analysts’ expectations of $20.16 million. Goosehead Insurance had a negative return on equity of 12.02% and a net margin of 4.25%. As a group, equities analysts forecast that Goosehead Insurance Inc will post 0.33 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the business. Great West Life Assurance Co. Can purchased a new stake in Goosehead Insurance during the fourth quarter worth about $36,000. Bank of Montreal Can increased its stake in Goosehead Insurance by 44.1% during the fourth quarter. Bank of Montreal Can now owns 1,444 shares of the company’s stock worth $61,000 after purchasing an additional 442 shares during the period. Advisor Group Holdings Inc. purchased a new stake in Goosehead Insurance during the first quarter worth about $72,000. Bessemer Group Inc. purchased a new stake in shares of Goosehead Insurance during the first quarter worth approximately $76,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Goosehead Insurance during the fourth quarter worth approximately $87,000. Institutional investors own 42.04% of the company’s stock.
Several research analysts have recently weighed in on GSHD shares. Zacks Investment Research raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. BidaskClub raised shares of Goosehead Insurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 1st. Royal Bank of Canada upped 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. Finally, ValuEngine raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Goosehead Insurance has a consensus rating of “Buy” and an average price target 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.
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