Townsquare Capital LLC Sells 2,306 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Townsquare Capital LLC lowered its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,629 shares of the company’s stock after selling 2,306 shares during the period. Townsquare Capital LLC’s holdings in Goosehead Insurance were worth $5,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Goosehead Insurance during the fourth quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Goosehead Insurance during the 3rd quarter valued at about $63,000. Kestra Investment Management LLC purchased a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $63,000. Smartleaf Asset Management LLC grew its stake in shares of Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company’s stock worth $64,000 after acquiring an additional 509 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after purchasing an additional 257 shares during the last quarter.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of research analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their target price on Goosehead Insurance from $110.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Piper Sandler lowered their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Bank of America increased their price target on Goosehead Insurance from $39.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 25th. Finally, UBS Group boosted their price objective on Goosehead Insurance from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $110.10.

Goosehead Insurance Stock Down 1.9 %

GSHD opened at $108.97 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. The firm has a 50-day simple moving average of $114.94 and a two-hundred day simple moving average of $110.44. The company has a market capitalization of $4.06 billion, a PE ratio of 151.35, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48.

Insider Activity

In related news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $16,290,838.41. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark Evan Jones sold 40,000 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.04, for a total value of $4,761,600.00. Following the completion of the transaction, the chairman now owns 38,951 shares of the company’s stock, valued at approximately $4,636,727.04. This represents a 50.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 308,812 shares of company stock worth $37,392,258. 48.35% of the stock is currently owned by insiders.

Goosehead Insurance Profile

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.