Insider Selling: Goosehead Insurance Inc (GSHD) VP Sells $79,770.00 in Stock

Goosehead Insurance Inc (NASDAQ:GSHD) VP Michael Patrick Moxley sold 3,000 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $26.59, for a total transaction of $79,770.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of GSHD opened at $25.42 on Monday. Goosehead Insurance Inc has a 1-year low of $10.78 and a 1-year high of $38.18.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Monday, November 5th. The company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. The firm had revenue of $16.05 million for the quarter, compared to analyst estimates of $15.60 million. Equities analysts expect that Goosehead Insurance Inc will post 0.26 earnings per share for the current year.

A number of analysts have recently commented on GSHD shares. Zacks Investment Research lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 target price on shares of Goosehead Insurance in a report on Thursday, August 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Goosehead Insurance has an average rating of “Buy” and a consensus target price of $25.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. increased its holdings in Goosehead Insurance by 2,831.7% during the third quarter. Meeder Asset Management Inc. now owns 4,720 shares of the company’s stock worth $160,000 after buying an additional 4,559 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Goosehead Insurance by 394.5% during the third quarter. Wells Fargo & Company MN now owns 5,904 shares of the company’s stock worth $199,000 after buying an additional 4,710 shares during the last quarter. Jane Street Group LLC acquired a new position in Goosehead Insurance during the third quarter worth $209,000. MetLife Investment Advisors LLC acquired a new position in Goosehead Insurance during the third quarter worth $255,000. Finally, Rhumbline Advisers acquired a new position in Goosehead Insurance during the second quarter worth $217,000. Institutional investors and hedge funds own 72.34% of the company’s stock.

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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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