Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 3,400 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $75.19, for a total value 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 $6,117,458.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Goosehead Insurance stock opened at $75.16 on Wednesday. The company has a market capitalization of $2.65 billion, a PE ratio of 341.65 and a beta of 0.78. The firm has a fifty day simple moving average of $65.02 and a two-hundred day simple moving average of $52.23. Goosehead Insurance Inc has a twelve month low of $37.26 and a twelve month high of $76.31.
Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The business had revenue of $20.43 million during the quarter, compared to the consensus estimate 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, analysts predict that Goosehead Insurance Inc will post 0.33 earnings per share for the current year.
GSHD has been the subject of several recent analyst reports. Zacks Investment Research upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Royal Bank of Canada lifted their target price on Goosehead Insurance from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. BidaskClub raised Goosehead Insurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, ValuEngine upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Goosehead Insurance presently has an average rating of “Buy” and an average price target of $55.60.
Several hedge funds have recently added to or reduced their stakes in GSHD. Martingale Asset Management L P purchased a new position in shares of Goosehead Insurance during the first quarter valued at about $389,000. M&T Bank Corp bought a new position in shares of Goosehead Insurance in the fourth quarter worth approximately $250,000. Bank of Montreal Can lifted its stake in shares of Goosehead Insurance by 44.1% in the fourth quarter. Bank of Montreal Can now owns 1,444 shares of the company’s stock worth $61,000 after buying an additional 442 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Goosehead Insurance by 109.5% in the first quarter. BNP Paribas Arbitrage SA now owns 3,537 shares of the company’s stock worth $158,000 after buying an additional 1,849 shares in the last quarter. Finally, Swiss National Bank bought a new position in Goosehead Insurance during the fourth quarter valued at approximately $1,047,000. Hedge funds and other institutional investors own 42.04% of the company’s stock.
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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