Verdence Capital Advisors LLC Buys 242 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Verdence Capital Advisors LLC boosted its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,529 shares of the company’s stock after buying an additional 242 shares during the period. Verdence Capital Advisors LLC’s holdings in Goosehead Insurance were worth $419,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Goosehead Insurance in the 4th quarter worth about $35,000. Harvest Fund Management Co. Ltd bought a new position in shares of Goosehead Insurance in the third quarter worth approximately $37,000. Signaturefd LLC increased its position in shares of Goosehead Insurance by 28.9% during the third 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. PNC Financial Services Group Inc. raised its holdings in Goosehead Insurance by 18.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock worth $92,000 after acquiring an additional 195 shares during the last quarter. Finally, Orion Portfolio Solutions LLC bought a new position in Goosehead Insurance in the 3rd quarter valued at approximately $204,000.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $58.94 on Tuesday. The business’s fifty day moving average is $71.45 and its 200 day moving average is $72.82. Goosehead Insurance, Inc has a fifty-two week low of $53.57 and a fifty-two week high of $92.76. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $2.24 billion, a PE ratio of 103.40, a price-to-earnings-growth ratio of 4.15 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $63.01 million during the quarter, compared to the consensus estimate of $68.18 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. Sell-side analysts predict that Goosehead Insurance, Inc will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Desiree Coleman sold 2,324 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Goosehead Insurance news, CFO Mark E. Jr. Jones acquired 1,332 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $74.86 per share, with a total value of $99,713.52. Following the completion of the purchase, the chief financial officer now directly owns 1,332 shares in the company, valued at approximately $99,713.52. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Insiders own 38.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GSHD shares. Truist Financial decreased their price target on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. BMO Capital Markets lowered their price objective on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. JPMorgan Chase & Co. boosted their target price on shares of Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Piper Sandler lifted their price objective on Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, TD Cowen started coverage on Goosehead Insurance in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

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.