Mark Miller Sells 58,327 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) CEO Mark Miller sold 58,327 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares in the company, valued at $3,306,600. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Goosehead Insurance Trading Up 1.8 %

NASDAQ:GSHD opened at $113.00 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 156.95, a price-to-earnings-growth ratio of 4.19 and a beta of 1.32. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $115.00. The stock has a fifty day simple moving average of $94.24 and a 200 day simple moving average of $76.77.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Sell-side analysts forecast that Goosehead Insurance, Inc will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On Goosehead Insurance

Institutional investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Goosehead Insurance by 34.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock valued at $196,956,000 after buying an additional 879,959 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in shares of Goosehead Insurance by 407.4% during the first quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock worth $35,542,000 after purchasing an additional 428,355 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Goosehead Insurance by 35.7% in the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after purchasing an additional 110,832 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Goosehead Insurance by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after purchasing an additional 51,023 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its position in Goosehead Insurance by 159.8% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 82,564 shares of the company’s stock worth $5,500,000 after purchasing an additional 50,784 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GSHD shares. TD Cowen lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating and reduced their target price for the company from $98.00 to $94.00 in a research note on Thursday, August 15th. UBS Group increased their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets downgraded Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 target price on the stock. in a research note on Thursday, August 22nd. Piper Sandler increased their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $84.00 price target (down from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $91.30.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.