Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Adrienne Kebodeaux Sells 43,928 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total value of $4,402,024.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Goosehead Insurance Stock Up 0.8 %

Shares of Goosehead Insurance stock traded up $0.90 on Monday, reaching $109.49. The stock had a trading volume of 314,264 shares, compared to its average volume of 293,820. The company has a 50 day moving average price of $89.52 and a 200 day moving average price of $73.64. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $110.88. The stock has a market capitalization of $4.05 billion, a P/E ratio of 154.21, a P/E/G ratio of 5.00 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The firm had revenue of $78.04 million during the quarter, compared to analysts' expectations of $80.54 million. During the same period in the previous year, the business posted $0.28 EPS. The business's revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts forecast that Goosehead Insurance, Inc will post 0.76 EPS for the current year.

Hedge Funds Weigh In On Goosehead Insurance

Several large investors have recently modified their holdings of GSHD. Vanguard Group Inc. lifted its stake in Goosehead Insurance by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company's stock valued at $160,962,000 after buying an additional 46,861 shares during the last quarter. Sei Investments Co. increased its holdings in Goosehead Insurance by 16.4% during the 1st quarter. Sei Investments Co. now owns 123,967 shares of the company's stock valued at $8,259,000 after acquiring an additional 17,443 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Goosehead Insurance by 30.4% in the second quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company's stock worth $2,017,000 after acquiring an additional 8,193 shares during the last quarter. Quarry LP raised its position in shares of Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company's stock valued at $47,000 after buying an additional 787 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in Goosehead Insurance in the 2nd quarter valued at about $408,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets downgraded Goosehead Insurance from an "outperform" rating to a "market perform" rating and set a $90.00 target price for the company. in a report on Thursday, August 22nd. UBS Group increased their target price on shares of Goosehead Insurance from $92.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Truist Financial increased their price target on Goosehead Insurance from $65.00 to $80.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. Finally, Royal Bank of Canada boosted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an "outperform" rating in a research report on Thursday. One equities research 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $91.30.

About Goosehead Insurance

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.

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