Goosehead Insurance Inc (NASDAQ:GSHD) COO Michael C. Colby sold 1,180 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $75.02, for a total value of $88,523.60. Following the completion of the transaction, the chief operating officer now owns 682,678 shares of the company’s stock, valued at approximately $51,214,503.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Goosehead Insurance stock opened at $75.16 on Wednesday. Goosehead Insurance Inc has a 1 year low of $37.26 and a 1 year high of $76.31. The firm’s 50-day moving average is $65.02 and its two-hundred day moving average is $52.23. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 341.65 and a beta of 0.78.
Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Thursday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). Goosehead Insurance had a negative return on equity of 12.02% and a net margin of 4.25%. The business had revenue of $20.43 million for the quarter, compared to the consensus estimate of $20.16 million. Research analysts predict that Goosehead Insurance Inc will post 0.33 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can bought a new position in Goosehead Insurance during the 4th quarter worth about $36,000. Bank of Montreal Can grew its position in shares of Goosehead Insurance by 44.1% in the 4th quarter. Bank of Montreal Can now owns 1,444 shares of the company’s stock worth $61,000 after buying an additional 442 shares during the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Goosehead Insurance in the 1st quarter worth approximately $72,000. Bessemer Group Inc. purchased a new position in shares of Goosehead Insurance in the 1st quarter worth approximately $76,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Goosehead Insurance in the 4th quarter worth approximately $87,000. Institutional investors own 42.04% of the company’s stock.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Royal Bank of Canada boosted their price objective on Goosehead Insurance from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, June 5th. ValuEngine upgraded Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, BidaskClub upgraded Goosehead Insurance from a “buy” rating to a “strong-buy” rating in a report on Friday, May 1st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $55.60.
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.
Further Reading: Neutral Rating
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