Allspring Global Investments Holdings LLC Sells 52,628 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Allspring Global Investments Holdings LLC lessened its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 21.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 190,977 shares of the company’s stock after selling 52,628 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.50% of Goosehead Insurance worth $14,476,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in Goosehead Insurance by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 15,041 shares of the company’s stock valued at $1,140,000 after purchasing an additional 161 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Goosehead Insurance by 21.8% during the second quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock valued at $58,000 after buying an additional 166 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Goosehead Insurance by 18.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock worth $92,000 after buying an additional 195 shares in the last quarter. Arizona State Retirement System raised its position in Goosehead Insurance by 3.6% in the 3rd quarter. Arizona State Retirement System now owns 6,122 shares of the company’s stock valued at $456,000 after buying an additional 214 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Goosehead Insurance by 28.9% during the 3rd quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock valued at $83,000 after acquiring an additional 250 shares in the last quarter.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $56.90 on Tuesday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 99.82, a price-to-earnings-growth ratio of 4.06 and a beta of 1.28. The stock has a fifty day simple moving average of $73.84 and a two-hundred day simple moving average of $73.36. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. Goosehead Insurance, Inc has a 1-year low of $51.06 and a 1-year high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The firm had revenue of $63.01 million for the quarter, compared to the consensus estimate of $68.18 million. Analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GSHD has been the subject of several analyst reports. Truist Financial lowered their target price on shares of Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, March 28th. TD Cowen started coverage on Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a report on Monday. JPMorgan Chase & Co. lifted their price target on Goosehead Insurance from $61.00 to $62.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, BMO Capital Markets reduced their price objective on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Insider Transactions at Goosehead Insurance

In related news, major shareholder Desiree Coleman sold 2,324 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total transaction of $186,315.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel John Terry O’connor bought 1,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was bought at an average price of $73.46 per share, with a total value of $73,460.00. Following the purchase, the general counsel now owns 1,000 shares in the company, valued at $73,460. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,582 shares of company stock worth $561,249 and sold 68,617 shares worth $5,291,137. Corporate insiders own 48.35% of the company’s stock.

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.