Goosehead Insurance Inc (NASDAQ:GSHD) insider Michael C. Colby sold 4,800 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $47.12, for a total transaction of $226,176.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of GSHD stock opened at $46.00 on Friday. Goosehead Insurance Inc has a one year low of $20.49 and a one year high of $51.47. The company’s 50-day moving average price is $42.12. The stock has a market cap of $686.07 million, a P/E ratio of 230.00, a price-to-earnings-growth ratio of 2.73 and a beta of 0.33.
Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $23.13 million for the quarter, compared to analysts’ expectations of $21.30 million. Goosehead Insurance had a negative net margin of 9.36% and a negative return on equity of 17.75%. The business’s quarterly revenue was up 58.6% compared to the same quarter last year. On average, analysts forecast that Goosehead Insurance Inc will post 0.34 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of GSHD. Wasatch Advisors Inc. lifted its stake in Goosehead Insurance by 20.7% during the 1st quarter. Wasatch Advisors Inc. now owns 1,564,556 shares of the company’s stock valued at $43,620,000 after acquiring an additional 268,202 shares during the period. Ranger Investment Management L.P. bought a new position in Goosehead Insurance during the 4th quarter valued at about $6,089,000. Hodges Capital Management Inc. lifted its stake in Goosehead Insurance by 34.4% during the 1st quarter. Hodges Capital Management Inc. now owns 384,525 shares of the company’s stock valued at $10,721,000 after acquiring an additional 98,355 shares during the period. Spark Investment Management LLC lifted 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 period. Finally, American Century Companies Inc. lifted 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 period. Institutional investors and hedge funds own 79.37% of the company’s stock.
Several brokerages recently commented on GSHD. Keefe, Bruyette & Woods downgraded shares of Trustmark from a “market perform” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, March 19th. Bank of America set a $25.00 price objective on shares of Bed Bath & Beyond and gave the company a “buy” rating in a research report on Tuesday, July 2nd. ValuEngine raised shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Zacks Investment Research raised shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th.
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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