& The Bear Irrevocable Chick Sells 5,000 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & The Bear Irrevocable Chick sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $65.03, for a total value of $325,150.00. Following the sale, the insider directly owned 58,530 shares in the company, valued at approximately $3,806,205.90. This represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Goosehead Insurance Price Performance

GSHD traded down $6.86 during trading hours on Thursday, hitting $63.86. 806,747 shares of the stock were exchanged, compared to its average volume of 513,352. The stock has a 50-day simple moving average of $46.04 and a 200-day simple moving average of $48.80. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $93.90. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 46.61, a price-to-earnings-growth ratio of 2.48 and a beta of 1.41.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. The firm had revenue of $95.63 million during the quarter, compared to the consensus estimate of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The firm’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. Sell-side analysts expect that Goosehead Insurance will post 1.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $76.00 target price on shares of Goosehead Insurance in a report on Thursday, July 23rd. UBS Group lifted their target price on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday. Piper Sandler upped their target price on Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Citizens Jmp dropped their price target on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $68.45.

Hedge Funds Weigh In On Goosehead Insurance

Several hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Goosehead Insurance by 484.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock worth $25,000 after acquiring an additional 426 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 269 shares during the last quarter. Versant Capital Management Inc lifted its position in Goosehead Insurance by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock valued at $37,000 after purchasing an additional 637 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Goosehead Insurance during the 4th quarter valued at about $41,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the period.

Goosehead Insurance Company Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.