Goosehead Insurance Inc (NASDAQ:GSHD) insider Michael C. Colby sold 8,578 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $26.16, for a total value of $224,400.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NASDAQ:GSHD opened at $27.61 on Thursday. Goosehead Insurance Inc has a fifty-two week low of $10.78 and a fifty-two week high of $38.18. The firm has a market capitalization of $377.65 million and a price-to-earnings ratio of 138.05.
Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Goosehead Insurance had a negative net margin of 8.54% and a negative return on equity of 23.68%. The company had revenue of $14.72 million during the quarter, compared to the consensus estimate of $15.30 million. On average, equities research analysts anticipate that Goosehead Insurance Inc will post 0.39 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in GSHD. Nisa Investment Advisors LLC acquired a new position in Goosehead Insurance in the 1st quarter valued at $84,000. Hodges Capital Management Inc. raised its holdings in Goosehead Insurance by 34.4% in 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 in the last quarter. Dubuque Bank & Trust Co. acquired a new position in Goosehead Insurance in the 1st quarter valued at $184,000. American Century Companies Inc. raised its holdings in Goosehead Insurance by 31.3% in 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Goosehead Insurance by 13.3% in the 4th quarter. Geode Capital Management LLC now owns 108,381 shares of the company’s stock valued at $2,849,000 after acquiring an additional 12,734 shares in the last quarter. Hedge funds and other institutional investors own 77.22% of the company’s stock.
A number of research analysts recently commented on the company. ValuEngine upgraded Goosehead Insurance from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Zacks Investment Research lowered Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods set a $32.00 price target on Goosehead Insurance and gave the company a “hold” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Goosehead Insurance has a consensus rating of “Buy” and a consensus price target of $26.00.
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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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