Motley Fool Wealth Management LLC Decreases Stock Position in Goosehead Insurance (NASDAQ:GSHD)

Motley Fool Wealth Management LLC lessened its holdings in shares of Goosehead Insurance (NASDAQ:GSHD) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,911 shares of the company’s stock after selling 9,785 shares during the period. Motley Fool Wealth Management LLC owned about 0.28% of Goosehead Insurance worth $12,386,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Whitebark Investors LP purchased a new stake in Goosehead Insurance in the 4th quarter worth $55,326,000. D. E. Shaw & Co. Inc. increased its stake in Goosehead Insurance by 89.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock worth $21,870,000 after buying an additional 96,309 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Goosehead Insurance by 110.0% in the 4th quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company’s stock worth $16,054,000 after buying an additional 78,434 shares in the last quarter. GAMMA Investing LLC increased its stake in Goosehead Insurance by 11,900.8% in the 1st quarter. GAMMA Investing LLC now owns 72,725 shares of the company’s stock worth $8,586,000 after buying an additional 72,119 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Goosehead Insurance in the 1st quarter worth $8,025,000.

Goosehead Insurance Stock Down 1.3%

Shares of NASDAQ:GSHD opened at $86.05 on Monday. Goosehead Insurance has a 1 year low of $79.33 and a 1 year high of $130.39. The business has a 50 day simple moving average of $99.38 and a two-hundred day simple moving average of $106.55. The firm has a market capitalization of $3.23 billion, a PE ratio of 76.15, a price-to-earnings-growth ratio of 7.55 and a beta of 1.31. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The business had revenue of $94.03 million for the quarter, compared to analysts’ expectations of $94.18 million. During the same quarter last year, the firm earned $0.43 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts predict that Goosehead Insurance will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler restated a “neutral” rating and set a $109.00 price objective (down previously from $122.00) on shares of Goosehead Insurance in a research report on Thursday, July 24th. BMO Capital Markets dropped their price target on Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a research report on Friday, July 25th. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. UBS Group dropped their price target on Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating for the company in a research report on Monday, July 28th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $150.00 price target on shares of Goosehead Insurance in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and an average target price of $109.50.

Insiders Place Their Bets

In related news, General Counsel John Terry O’connor sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total value of $261,050.00. Following the completion of the sale, the general counsel owned 1,000 shares in the company, valued at approximately $104,420. The trade was a 71.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 31,516 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $93.24, for a total value of $2,938,551.84. Following the completion of the sale, the insider owned 132,349 shares of the company’s stock, valued at $12,340,220.76. The trade was a 19.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,629 shares of company stock worth $8,775,776 over the last three months. 37.76% of the stock is currently owned by corporate 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.