Goosehead Insurance Inc (NASDAQ:GSHD) insider Michael C. Colby sold 4,800 shares of Goosehead Insurance stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $47.12, for a total value of $226,176.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
GSHD opened at $46.00 on Friday. The company has a 50-day moving average of $42.12. Goosehead Insurance Inc has a 1 year low of $20.49 and a 1 year high of $51.47. The stock has a market capitalization of $686.07 million, a price-to-earnings ratio of 230.00, a PEG ratio of 2.73 and a beta of 0.33.
Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. Goosehead Insurance had a negative return on equity of 17.75% and a negative net margin of 9.36%. The business had revenue of $23.13 million for the quarter, compared to analyst estimates of $21.30 million. The business’s revenue was up 58.6% compared to the same quarter last year. As a group, equities analysts anticipate that Goosehead Insurance Inc will post 0.34 EPS for the current year.
Several hedge funds have recently modified their holdings of GSHD. BNP Paribas Arbitrage SA grew its stake in shares of Goosehead Insurance by 487.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,031 shares of the company’s stock worth $57,000 after acquiring an additional 1,685 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Goosehead Insurance during the first quarter worth about $84,000. Metropolitan Life Insurance Co. NY grew its stake in shares of Goosehead Insurance by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,219 shares of the company’s stock worth $85,000 after acquiring an additional 2,514 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Goosehead Insurance during the first quarter worth about $102,000. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of Goosehead Insurance during the first quarter worth about $184,000. Institutional investors and hedge funds own 79.37% of the company’s stock.
Several research firms have issued reports on GSHD. Zacks Investment Research upgraded HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. ValuEngine upgraded William Lyon Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods lowered Trustmark from a “market perform” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, March 19th. Finally, Bank of America set a $25.00 target price on Bed Bath & Beyond and gave the company a “buy” rating in a research note on Tuesday, July 2nd.
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.
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