Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 1,032 shares of Goosehead Insurance stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.07, for a total value of $31,032.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
NASDAQ GSHD opened at $28.87 on Wednesday. The stock has a market cap of $426.63 million and a price-to-earnings ratio of 112.89. Goosehead Insurance Inc has a fifty-two week low of $10.78 and a fifty-two week high of $38.18.
Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). Goosehead Insurance had a negative net margin of 8.54% and a negative return on equity of 23.68%. The company had revenue of $14.72 million for the quarter, compared to analysts’ expectations of $15.30 million. As a group, equities research analysts expect that Goosehead Insurance Inc will post 0.39 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Goosehead Insurance by 0.4% in the 4th quarter. BlackRock Inc. now owns 529,833 shares of the company’s stock valued at $13,929,000 after purchasing an additional 2,089 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Goosehead Insurance by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,219 shares of the company’s stock valued at $85,000 after purchasing an additional 2,514 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Goosehead Insurance by 44.8% in the 4th quarter. Rhumbline Advisers now owns 13,391 shares of the company’s stock valued at $352,000 after purchasing an additional 4,141 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Goosehead Insurance by 394.5% in the 3rd quarter. Wells Fargo & Company MN now owns 5,904 shares of the company’s stock valued at $199,000 after purchasing an additional 4,710 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Goosehead Insurance by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 393,504 shares of the company’s stock valued at $13,328,000 after purchasing an additional 5,416 shares in the last quarter. Hedge funds and other institutional investors own 77.13% of the company’s stock.
A number of research firms have weighed in on GSHD. Zacks Investment Research lowered Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Keefe, Bruyette & Woods set a $32.00 price objective on Goosehead Insurance and gave the company a “hold” rating in a research note on Tuesday, March 19th. Finally, ValuEngine upgraded Goosehead Insurance from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Goosehead Insurance presently has an average rating of “Buy” and an average price target of $26.00.
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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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