Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 22,368 Goosehead Insurance (NASDAQ:GSHD)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Goosehead Insurance (NASDAQ:GSHD) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 22,368 shares of the company’s stock, valued at approximately $2,641,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Goosehead Insurance as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Whitebark Investors LP bought a new position in Goosehead Insurance in the fourth quarter worth $55,326,000. D. E. Shaw & Co. Inc. raised its holdings in Goosehead Insurance by 89.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock worth $21,870,000 after purchasing an additional 96,309 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Goosehead Insurance by 312.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 109,621 shares of the company’s stock worth $11,754,000 after purchasing an additional 83,028 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Goosehead Insurance by 110.0% in the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company’s stock worth $16,054,000 after purchasing an additional 78,434 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Goosehead Insurance by 11,900.8% in the first quarter. GAMMA Investing LLC now owns 72,725 shares of the company’s stock worth $8,586,000 after purchasing an additional 72,119 shares in the last quarter.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. JMP Securities reiterated a “market outperform” rating and issued a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their price target on Goosehead Insurance from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Piper Sandler restated a “neutral” rating and set a $109.00 price target (down from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. Finally, BMO Capital Markets reduced their price target on Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus price target of $109.50.

Goosehead Insurance Trading Up 2.2%

Goosehead Insurance stock opened at $86.75 on Wednesday. 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 has a one year low of $79.33 and a one year high of $130.39. The stock has a market capitalization of $3.26 billion, a PE ratio of 76.77, a price-to-earnings-growth ratio of 7.45 and a beta of 1.42. The business’s fifty day moving average is $103.08 and its 200 day moving average is $107.78.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 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 period last year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts predict that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, General Counsel John Terry O’connor sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total value of $261,050.00. Following the transaction, the general counsel directly owned 1,000 shares of the company’s stock, valued at approximately $104,420. This trade represents a 71.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Lindy Langston sold 2,853 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The disclosure for this sale can be found here. Insiders have sold 118,966 shares of company stock valued at $12,407,821 over the last ninety days. Insiders own 37.76% of the company’s stock.

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.