Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 2,064 shares of Goosehead Insurance stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $35.36, for a total transaction of $72,983.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Goosehead Insurance stock traded up $3.11 on Friday, reaching $40.06. The stock had a trading volume of 9,576 shares, compared to its average volume of 133,564. Goosehead Insurance Inc has a 1 year low of $14.90 and a 1 year high of $38.18. The company has a market cap of $522.14 million and a P/E ratio of 200.00.
Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Goosehead Insurance had a negative net margin of 9.36% and a negative return on equity of 17.75%. The firm had revenue of $23.13 million for the quarter, compared to the consensus estimate of $21.30 million. The business’s revenue was up 58.6% on a year-over-year basis. As a group, equities research analysts expect that Goosehead Insurance Inc will post 0.45 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of GSHD. BNP Paribas Arbitrage SA grew its position in shares of Goosehead Insurance by 487.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock worth $57,000 after buying an additional 1,685 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of Goosehead Insurance in the 1st quarter worth approximately $61,000. Nisa Investment Advisors LLC purchased a new position in shares of Goosehead Insurance in the 1st quarter worth approximately $84,000. Metropolitan Life Insurance Co. NY grew its position in shares of Goosehead Insurance by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,219 shares of the company’s stock worth $85,000 after buying an additional 2,514 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Goosehead Insurance in the 1st quarter worth approximately $102,000. 75.04% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on GSHD shares. Bank of America reissued a “buy” rating and set a $37.00 target price (up previously from $35.00) on shares of Goosehead Insurance in a research report on Friday, May 3rd. ValuEngine raised shares of Goosehead Insurance from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods set a $32.00 target price on shares of Goosehead Insurance and gave the company a “hold” rating in a research report on Tuesday, March 19th. Finally, Zacks Investment Research raised shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $31.50.
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.
Further Reading: Diluted Earnings Per Share
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