Wolff Wiese Magana LLC Has $372,000 Stake in Goosehead Insurance, Inc (NASDAQ:GSHD)

Wolff Wiese Magana LLC lowered its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHDGet Rating) by 20.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,145 shares of the company’s stock after selling 2,109 shares during the period. Wolff Wiese Magana LLC’s holdings in Goosehead Insurance were worth $372,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GSHD. Group One Trading L.P. bought a new position in shares of Goosehead Insurance during the 1st quarter worth approximately $59,000. Hardy Reed LLC bought a new position in shares of Goosehead Insurance during the 1st quarter worth approximately $84,000. Captrust Financial Advisors lifted its position in shares of Goosehead Insurance by 265.0% during the 1st quarter. Captrust Financial Advisors now owns 2,252 shares of the company’s stock worth $177,000 after buying an additional 1,635 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Goosehead Insurance during the 1st quarter worth approximately $209,000. Finally, Wiley BROS. Aintree Capital LLC lifted its position in shares of Goosehead Insurance by 55.6% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 2,800 shares of the company’s stock worth $220,000 after buying an additional 1,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Piper Sandler dropped their target price on shares of Goosehead Insurance from $75.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. William Blair cut shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Finally, JMP Securities lowered their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, June 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Hold” and a consensus target price of $115.33.

Goosehead Insurance Stock Performance

GSHD stock traded down $0.86 during midday trading on Friday, reaching $36.32. 5,779 shares of the company’s stock traded hands, compared to its average volume of 434,205. The company has a 50-day moving average price of $53.95 and a two-hundred day moving average price of $56.81. Goosehead Insurance, Inc has a 52 week low of $36.11 and a 52 week high of $181.30. The firm has a market capitalization of $1.35 billion, a PE ratio of 338.03, a price-to-earnings-growth ratio of 802.25 and a beta of 1.02.

Goosehead Insurance (NASDAQ:GSHDGet Rating) last issued its earnings results on Wednesday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Goosehead Insurance had a net margin of 1.36% and a negative return on equity of 3.53%. The business had revenue of $53.00 million for the quarter, compared to the consensus estimate of $50.93 million. During the same period in the previous year, the firm earned $0.07 EPS. The company’s revenue was up 38.7% compared to the same quarter last year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Mark E. Jr. Jones sold 811 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $55.03, for a total transaction of $44,629.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Mark E. Jr. Jones sold 811 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $55.03, for a total transaction of $44,629.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 4,014 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $60.52, for a total transaction of $242,927.28. Following the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $8,009,761.48. The disclosure for this sale can be found here. Insiders have sold 251,456 shares of company stock valued at $15,043,623 in the last 90 days. 48.35% of the stock is currently owned by company insiders.

Goosehead Insurance Company Profile

(Get Rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.

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Institutional Ownership by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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