Motley Fool Asset Management LLC Raises Holdings in Goosehead Insurance $GSHD

Motley Fool Asset Management LLC lifted its holdings in shares of Goosehead Insurance (NASDAQ:GSHD) by 32.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,957 shares of the company’s stock after buying an additional 27,449 shares during the period. Motley Fool Asset Management LLC’s holdings in Goosehead Insurance were worth $8,319,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GSHD. AQR Capital Management LLC raised its stake in shares of Goosehead Insurance by 85.7% during the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock worth $511,000 after buying an additional 1,999 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Goosehead Insurance by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after buying an additional 578 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Goosehead Insurance by 86.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after buying an additional 164,693 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Goosehead Insurance by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after buying an additional 3,218 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Goosehead Insurance by 28.2% in the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after purchasing an additional 2,461 shares in the last quarter.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $35.92 on Wednesday. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $109.39. The company has a market capitalization of $1.28 billion, a P/E ratio of 31.51, a PEG ratio of 1.26 and a beta of 1.52. The business has a 50 day moving average price of $41.44 and a 200 day moving average price of $55.01.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. The company had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.Goosehead Insurance’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. On average, research analysts expect that Goosehead Insurance will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GSHD has been the subject of several research analyst reports. BMO Capital Markets dropped their price objective on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research note on Wednesday, February 18th. Royal Bank Of Canada raised their price objective on Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a research note on Thursday, April 23rd. Bank of America dropped their price objective on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods raised their price objective on Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Cantor Fitzgerald dropped their price objective on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.09.

Insider Buying and Selling

In related news, General Counsel Martin Ellis Thornthwaite purchased 5,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $41.50 per share, with a total value of $207,500.00. Following the completion of the transaction, the general counsel owned 5,000 shares of the company’s stock, valued at approximately $207,500. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Arthur Martin purchased 5,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were bought at an average cost of $34.73 per share, with a total value of $173,650.00. Following the transaction, the chief financial officer directly owned 5,000 shares of the company’s stock, valued at $173,650. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. Corporate insiders own 38.07% of the company’s stock.

Goosehead Insurance Profile

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.