Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 1,032 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.07, for a total value of $31,032.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ GSHD opened at $28.87 on Wednesday. Goosehead Insurance Inc has a fifty-two week low of $10.78 and a fifty-two week high of $38.18. The company has a market capitalization of $426.63 million and a PE ratio of 112.89.
Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Goosehead Insurance had a negative return on equity of 23.68% and a negative net margin of 8.54%. The business had revenue of $14.72 million during the quarter, compared to analysts’ expectations of $15.30 million. As a group, research analysts anticipate that Goosehead Insurance Inc will post 0.39 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its holdings in shares of Goosehead Insurance by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,219 shares of the company’s stock worth $85,000 after buying an additional 2,514 shares during the period. Dubuque Bank & Trust Co. purchased a new stake in shares of Goosehead Insurance in the first quarter worth approximately $184,000. Wells Fargo & Company MN raised its holdings in shares of Goosehead Insurance by 394.5% in 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 period. Jane Street Group LLC purchased a new stake in shares of Goosehead Insurance in the third quarter worth approximately $209,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Goosehead Insurance in the third quarter worth approximately $255,000. Hedge funds and other institutional investors own 77.13% of the company’s stock.
Several equities research analysts have recently issued reports on GSHD shares. Zacks Investment Research lowered Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Keefe, Bruyette & Woods set a $32.00 price target on Goosehead Insurance and gave the stock a “hold” rating in a report on Tuesday, March 19th. Finally, ValuEngine upgraded Goosehead Insurance from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Goosehead Insurance has a consensus rating of “Buy” and a consensus target price of $26.00.
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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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