Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 1,302 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $27.18, for a total transaction of $35,388.36. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Goosehead Insurance stock traded down $0.59 during trading hours on Friday, reaching $28.51. The company’s stock had a trading volume of 185,735 shares, compared to its average volume of 205,188. Goosehead Insurance Inc has a one year low of $10.78 and a one year high of $38.18.
Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Monday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. The business had revenue of $16.05 million during the quarter, compared to the consensus estimate of $15.60 million. On average, research analysts expect that Goosehead Insurance Inc will post 0.25 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $25.00.
A number of large investors have recently modified their holdings of the stock. King Luther Capital Management Corp lifted its position in Goosehead Insurance by 9.3% in the 3rd quarter. King Luther Capital Management Corp now owns 35,425 shares of the company’s stock valued at $1,200,000 after purchasing an additional 3,000 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Goosehead Insurance by 2,831.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,720 shares of the company’s stock valued at $160,000 after purchasing an additional 4,559 shares during the last quarter. Wells Fargo & Company MN lifted its position in Goosehead Insurance by 394.5% in the 3rd quarter. Wells Fargo & Company MN now owns 5,904 shares of the company’s stock valued at $199,000 after purchasing an additional 4,710 shares during the last quarter. Vanguard Group Inc. lifted its position in Goosehead Insurance by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 393,504 shares of the company’s stock valued at $13,328,000 after purchasing an additional 5,416 shares during the last quarter. Finally, Vanguard Group Inc lifted its position in Goosehead Insurance by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 393,504 shares of the company’s stock valued at $13,328,000 after purchasing an additional 5,416 shares during the last quarter. Hedge funds and other institutional investors own 72.33% of the company’s stock.
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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