Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 1,032 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $45.01, for a total value of $46,450.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of NASDAQ GSHD opened at $44.92 on Thursday. The firm has a market cap of $651.01 million, a PE ratio of 224.60, a PEG ratio of 2.59 and a beta of -0.08. Goosehead Insurance Inc has a 52-week low of $20.49 and a 52-week high of $45.80. The firm has a 50-day moving average price of $38.28.
Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $23.13 million during the quarter, compared to analysts’ expectations of $21.30 million. Goosehead Insurance had a negative return on equity of 17.75% and a negative net margin of 9.36%. Goosehead Insurance’s revenue for the quarter was up 58.6% on a year-over-year basis. On average, research analysts predict that Goosehead Insurance Inc will post 0.34 earnings per share for the current fiscal year.
GSHD has been the subject of a number of research analyst reports. Zacks Investment Research cut Goosehead Insurance from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. ValuEngine raised 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 Goosehead Insurance and gave the company a “hold” rating in a research report on Tuesday, March 19th. Finally, Bank of America reissued a “buy” rating and issued a $37.00 target price (up from $35.00) on shares of Goosehead Insurance in a research report on Friday, May 3rd.
Several hedge funds and other institutional investors have recently made changes to their positions in GSHD. Wasatch Advisors Inc. boosted its position in shares of Goosehead Insurance by 20.7% in the 1st quarter. Wasatch Advisors Inc. now owns 1,564,556 shares of the company’s stock valued at $43,620,000 after purchasing an additional 268,202 shares during the period. Hodges Capital Management Inc. raised its stake in Goosehead Insurance by 1,062.8% during the 4th quarter. Hodges Capital Management Inc. now owns 286,170 shares of the company’s stock valued at $7,523,000 after acquiring an additional 261,560 shares during the last quarter. Ranger Investment Management L.P. purchased a new stake in Goosehead Insurance during the 4th quarter valued at approximately $6,089,000. Spark Investment Management LLC raised its stake in Goosehead Insurance by 255.8% during the 1st quarter. Spark Investment Management LLC now owns 132,600 shares of the company’s stock valued at $3,696,000 after acquiring an additional 95,327 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Goosehead Insurance by 31.3% during the 4th quarter. American Century Companies Inc. now owns 218,058 shares of the company’s stock valued at $5,733,000 after acquiring an additional 52,039 shares during the last quarter. 79.37% of the stock is owned by hedge funds and other institutional investors.
Goosehead Insurance Company Profile
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.
See Also: Balance Sheet
Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.