Shares of Goosehead Insurance, Inc. (NASDAQ: GSHD – Get Rating) jumped 9.5% on Friday. The shares were trading at $ 50.57 and last traded at $ 50.54. 10,688 shares traded hands during trading, down 96% from the average session volume of 262,258 shares. Shares previously closed at $ 46.16.
Several research analysts commented on GSHD shares. Truist Financial lowered its target price for Goosehead Insurance shares from $ 75.00 to $ 60.00 in a report on Wednesday, April 27. Piper Sandler lowered its target price for Goosehead Insurance shares from $ 120.00 to $ 75.00 in a report on Wednesday, April 27. Royal Bank of Canada lowered its target price for Goosehead Insurance shares from $ 140.00 to $ 120.00 in a report on Wednesday, April 27. Finally, JMP Securities lowered its target price for Goosehead Insurance shares from $ 130.00 to $ 120.00 and set a buy rating for the company in a report on Friday. One investment analyst rated the shares with a sell rating, two issued a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Moderate Buying” and a consensus target of $ 120.71.
The company’s 50-day moving average price is $ 51.73, and its 200-day moving average is $ 79.57. The company has a market capitalization of $ 1.87 billion, a price / earnings ratio of 314.14, a PEG ratio of 4.15 and a beta ratio of 0.88.
Goosehead Insurance (NASDAQ: GSHD – Get Rating) last released its earnings results on Tuesday, April 26th. The company reported ($ 0.11) earnings per share (EPS) for the quarter, lacking a consensus estimate of ($ 0.03) with ($ 0.08). Goosehead Insurance had a net margin of 2.20% and a negative return on equity of 5.90%. The company had revenue of $ 41.28 million in the quarter, compared to analysts’ estimates of $ 41.69 million. In the same quarter of the previous year, the company reported ($ 0.02) EPS. As a group, stock analysts expect Goosehead Insurance, Inc. to report 0.28 earnings per share for the current year.
In related news, major shareholder & Robyn Jones Descendants Mark sold 17,226 shares of the shares in a deal on Monday, April 4th. The shares were sold at an average price of $ 79.77, for a total transaction of $ 1,374,118.02. Following the completion of the sale, the insider now owns 132,349 shares of the company worth approximately $ 10,557,479.73. The sale is disclosed in a document submitted to the SEC, which can be accessed through the SEC website. Also, major shareholder Camille Peterson sold 7,000 shares of the shares in a deal on Wednesday, May 18th. The shares were sold at an average price of $ 51.26, for a total transaction of $ 358,820.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,472 shares of the company’s shares worth $ 6,409,944. 48.35% of the shares are owned by insiders of the company.
A number of institutional investors have recently made changes to their positions in GSHD. CVA Family Office LLC bought a new position in Goosehead Insurance in the 4th quarter worth $ 39,000. First Horizon Advisors Inc. increased its position in Goosehead Insurance by 246.3% in the 4th quarter. First Horizon Advisors Inc. already owns 329 shares of the company’s $ 42,000 worth of shares after buying an additional 234 shares in the last quarter. Sageworth Trust Co of South Dakota bought a new position in Goosehead Insurance in the 4th quarter worth $ 45,000. Group One Trading LP bought a new position in Goosehead Insurance in the first quarter worth $ 59,000. Finally, Hardy Reed LLC bought a new position in Goosehead Insurance in the first quarter worth $ 84,000.
About Goosehead insurance 09.30 NASDAQ: GSHD
Goosehead Insurance, Inc. operates as a holding company for Goosehead Financial, LLC, which provides personal line insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. Offers products and services for homeowners, insurance, car, home insurance, flood, wind, earthquake, over-liability or umbrella, motorcycles, recreational vehicles, general liability, property and life.
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