Motley Fool Asset Management LLC Purchases 3,412 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Motley Fool Asset Management LLC raised its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 105,145 shares of the company’s stock after acquiring an additional 3,412 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Goosehead Insurance were worth $7,970,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Goosehead Insurance by 17.8% during the third quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock valued at $173,847,000 after purchasing an additional 351,630 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Goosehead Insurance during the third quarter worth $23,614,000. Barclays PLC grew its position in Goosehead Insurance by 1,673.1% in the third quarter. Barclays PLC now owns 191,401 shares of the company’s stock valued at $14,266,000 after purchasing an additional 180,606 shares in the last quarter. Principal Financial Group Inc. bought a new position in Goosehead Insurance in the third quarter valued at $9,501,000. Finally, 3G Capital Partners LP grew its position in Goosehead Insurance by 100.6% in the third quarter. 3G Capital Partners LP now owns 210,000 shares of the company’s stock valued at $15,651,000 after purchasing an additional 105,303 shares in the last quarter.

Insider Buying and Selling at Goosehead Insurance

In related news, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel John Terry O’connor purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of $73.46 per share, with a total value of $73,460.00. Following the completion of the transaction, the general counsel now directly owns 1,000 shares of the company’s stock, valued at approximately $73,460. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. 38.03% of the stock is owned by insiders.

Goosehead Insurance Stock Performance

Shares of Goosehead Insurance stock traded down $7.04 during trading hours on Thursday, reaching $53.16. 1,371,591 shares of the stock traded hands, compared to its average volume of 295,139. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $92.76. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.02. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 93.26, a P/E/G ratio of 4.31 and a beta of 1.28. The company has a 50 day moving average price of $70.38 and a 200 day moving average price of $72.67.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. On average, equities research analysts expect that Goosehead Insurance, Inc will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GSHD. Piper Sandler reduced their target price on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday. Royal Bank of Canada dropped their target price on shares of Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods dropped their target price on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday. Truist Financial decreased their price target on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday. Finally, TD Cowen assumed coverage on shares of Goosehead Insurance in a report on Wednesday, January 10th. They set an “outperform” rating and a $105.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.89.

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.