Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 1,032 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $30.05, for a total value of $31,011.60. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of GSHD traded up $0.33 during trading hours on Monday, hitting $29.35. The company had a trading volume of 152,689 shares, compared to its average volume of 163,268. The firm has a market cap of $422.69 million and a PE ratio of 146.75. Goosehead Insurance Inc has a 52-week low of $10.78 and a 52-week high of $38.18.
Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $14.72 million during the quarter, compared to analysts’ expectations of $15.30 million. Goosehead Insurance had a negative return on equity of 23.68% and a negative net margin of 8.54%. As a group, equities analysts anticipate that Goosehead Insurance Inc will post 0.39 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of GSHD. Northern Trust Corp bought a new stake in Goosehead Insurance in the 2nd quarter worth about $2,772,000. Victory Capital Management Inc. bought a new stake in Goosehead Insurance in the 3rd quarter worth about $3,919,000. Wells Fargo & Company MN increased its holdings in Goosehead Insurance by 394.5% in the 3rd quarter. Wells Fargo & Company MN now owns 5,904 shares of the company’s stock worth $199,000 after buying an additional 4,710 shares in the last quarter. Alliancebernstein L.P. bought a new stake in Goosehead Insurance in the 3rd quarter worth about $339,000. Finally, Bank of New York Mellon Corp increased its holdings in Goosehead Insurance by 38.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 45,759 shares of the company’s stock worth $1,551,000 after buying an additional 12,714 shares in the last quarter. 77.13% of the stock is owned by hedge funds and other institutional investors.
GSHD has been the subject of several recent research reports. Keefe, Bruyette & Woods set a $32.00 price objective on Goosehead Insurance and gave the company a “hold” rating in a research report on Tuesday, March 19th. Zacks Investment Research raised Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Finally, ValuEngine raised Goosehead Insurance from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Goosehead Insurance has an average rating of “Buy” and an average target price of $26.00.
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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.
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