Goosehead Insurance Inc (NASDAQ:GSHD) CFO Mark S. Colby sold 3,096 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.39, for a total value of $140,527.44.
Goosehead Insurance stock traded up $0.65 during mid-day trading on Friday, reaching $47.05. The company’s stock had a trading volume of 68,171 shares, compared to its average volume of 268,413. Goosehead Insurance Inc has a 12-month low of $20.49 and a 12-month high of $51.98. The company has a market capitalization of $699.56 million, a P/E ratio of 235.25, a PEG ratio of 2.72 and a beta of 0.34. The firm’s fifty day moving average price is $46.48 and its two-hundred day moving average price is $40.35.
Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $19.40 million for the quarter, compared to the consensus estimate of $19.83 million. Goosehead Insurance had a negative return on equity of 14.52% and a net margin of 5.06%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. Equities analysts expect that Goosehead Insurance Inc will post 0.34 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. First Mercantile Trust Co. purchased a new stake in shares of Goosehead Insurance during the second quarter valued at approximately $33,000. Rehmann Capital Advisory Group purchased a new stake in shares of Goosehead Insurance during the second quarter valued at approximately $41,000. Bank of Montreal Can purchased a new stake in shares of Goosehead Insurance during the second quarter valued at approximately $45,000. US Bancorp DE purchased a new stake in shares of Goosehead Insurance during the second quarter valued at approximately $46,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Goosehead Insurance during the second quarter valued at approximately $57,000. 84.38% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently commented on GSHD. ValuEngine downgraded Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. set a $60.00 price target on shares of Goosehead Insurance and gave the company a “buy” rating in a research report on Wednesday, September 18th. Zacks Investment Research raised shares of Goosehead Insurance from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, August 7th. Finally, Bank of America reissued a “buy” rating and set a $55.00 target price (up previously from $37.00) on shares of Goosehead Insurance in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.00.
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.
Featured Article: Back-End Load
Receive News & Ratings for Goosehead Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goosehead Insurance and related companies with MarketBeat.com's FREE daily email newsletter.