Townsquare Capital LLC Has $4.91 Million Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Townsquare Capital LLC trimmed its position in Goosehead Insurance, Inc (NASDAQ:GSHD) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,935 shares of the company’s stock after selling 3,846 shares during the quarter. Townsquare Capital LLC owned about 0.15% of Goosehead Insurance worth $4,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in Goosehead Insurance during the 3rd quarter worth $29,000. GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 195.8% during the 3rd quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in Goosehead Insurance by 49.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock valued at $36,000 after purchasing an additional 210 shares during the period. Blue Trust Inc. grew its holdings in Goosehead Insurance by 567.6% in the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after buying an additional 403 shares during the last quarter. Finally, Quarry LP increased its position in Goosehead Insurance by 2,810.7% in the 2nd quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after buying an additional 787 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In related news, major shareholder Adrienne Kebodeaux sold 43,928 shares of Goosehead Insurance stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $100.21, for a total value of $4,402,024.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Miller sold 58,327 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the transaction, the chief executive officer now owns 30,000 shares in the company, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,255 shares of company stock worth $12,686,800 over the last ninety days. Corporate insiders own 48.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GSHD shares. JMP Securities increased their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Truist Financial boosted their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Royal Bank of Canada increased their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets boosted their price target on Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $97.90.

Goosehead Insurance Trading Down 2.5 %

GSHD stock opened at $126.50 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a market cap of $4.69 billion, a P/E ratio of 175.69, a P/E/G ratio of 4.85 and a beta of 1.32. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39. The business’s 50 day moving average is $103.62 and its 200-day moving average is $82.51.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million during the quarter, compared to analyst estimates of $80.54 million. During the same period in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

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.