Goosehead Insurance, Inc (NASDAQ:GSHD) CEO Mark Miller Sells 58,327 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD) CEO Mark Miller sold 58,327 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the sale, the chief executive officer now owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock traded up $1.98 during mid-day trading on Friday, hitting $113.00. 223,959 shares of the stock were exchanged, compared to its average volume of 292,368. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $115.00. The company has a 50-day simple moving average of $93.67 and a 200 day simple moving average of $76.28. The company has a market capitalization of $4.19 billion, a P/E ratio of 154.20, a P/E/G ratio of 4.10 and a beta of 1.32. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. Sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new position in Goosehead Insurance in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC raised its stake in shares of Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after purchasing an additional 231 shares during the period. Cullen Frost Bankers Inc. grew its stake in Goosehead Insurance by 49.4% during the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. Blue Trust Inc. grew its position in shares of Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after purchasing an additional 403 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after purchasing an additional 787 shares during the period.

Analyst Ratings Changes

Several research firms recently commented on GSHD. Royal Bank of Canada raised their target price on Goosehead Insurance from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JMP Securities boosted their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. UBS Group raised their price target on shares of Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Piper Sandler upped their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Truist Financial boosted their target price on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $91.30.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.