Goosehead Insurance (NASDAQ:GSHD) Trading Down 6.3%

Goosehead Insurance, Inc (NASDAQ:GSHD) shares were down 6.3% during trading on Tuesday . The company traded as low as $166.05 and last traded at $166.05. Approximately 1,653 shares were traded during trading, a decline of 98% from the average daily volume of 108,527 shares. The stock had previously closed at $177.30.

A number of research analysts have recently commented on GSHD shares. TheStreet raised shares of Goosehead Insurance from a “d” rating to a “b” rating in a research report on Wednesday, July 28th. Truist started coverage on shares of Goosehead Insurance in a research report on Wednesday, September 8th. They set a “hold” rating and a $155.00 price objective for the company. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered shares of Goosehead Insurance from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $100.00 to $135.00 in a research report on Thursday, July 1st. Truist Securities started coverage on shares of Goosehead Insurance in a research report on Wednesday, September 8th. They set a “hold” rating and a $155.00 price objective for the company. Finally, Piper Sandler upped their price objective on shares of Goosehead Insurance from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, October 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance presently has an average rating of “Hold” and an average target price of $153.56.

The company has a market cap of $6.10 billion, a price-to-earnings ratio of 460.75, a price-to-earnings-growth ratio of 10.41 and a beta of 0.56. The company’s fifty day moving average price is $147.05 and its two-hundred day moving average price is $121.18.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, July 28th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $38.17 million during the quarter, compared to analyst estimates of $37.22 million. Goosehead Insurance had a net margin of 5.23% and a negative return on equity of 18.77%. As a group, analysts expect that Goosehead Insurance, Inc will post 0.36 earnings per share for the current year.

The company also recently disclosed a dividend, which was paid on Monday, August 23rd. Stockholders of record on Monday, August 9th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, August 6th.

In other news, CFO Mark S. Colby sold 9,800 shares of the stock in a transaction that occurred on Wednesday, July 28th. The shares were sold at an average price of $130.53, for a total transaction of $1,279,194.00. Following the sale, the chief financial officer now directly owns 9,800 shares of the company’s stock, valued at $1,279,194. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Patrick Ryan Langston sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 26th. The shares were sold at an average price of $130.20, for a total transaction of $1,302,000.00. Following the completion of the transaction, the vice president now directly owns 15,000 shares in the company, valued at $1,953,000. The disclosure for this sale can be found here. Insiders have sold 180,268 shares of company stock worth $24,263,631 over the last three months. 51.97% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. CHICAGO TRUST Co NA bought a new position in Goosehead Insurance in the third quarter valued at approximately $215,000. Paragon Advisors LLC boosted its stake in Goosehead Insurance by 0.3% in the third quarter. Paragon Advisors LLC now owns 25,595 shares of the company’s stock valued at $3,898,000 after acquiring an additional 78 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Goosehead Insurance by 77.5% in the third quarter. Hodges Capital Management Inc. now owns 57,588 shares of the company’s stock valued at $8,770,000 after acquiring an additional 25,135 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Goosehead Insurance by 57.5% in the second quarter. Parametric Portfolio Associates LLC now owns 24,898 shares of the company’s stock valued at $3,170,000 after acquiring an additional 9,086 shares during the last quarter. Finally, Ashford Capital Management Inc. boosted its stake in Goosehead Insurance by 26.5% in the second quarter. Ashford Capital Management Inc. now owns 235,365 shares of the company’s stock valued at $29,962,000 after acquiring an additional 49,315 shares during the last quarter. 50.67% of the stock is currently owned by hedge funds and other institutional investors.

Goosehead Insurance Company Profile (NASDAQ:GSHD)

Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines insurance agency. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.

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