Goosehead Insurance (NASDAQ:GSHD) Position Trimmed by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in shares of Goosehead Insurance (NASDAQ:GSHD) by 9.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,812 shares of the company’s stock after selling 6,007 shares during the period. Natixis Advisors LLC’s holdings in Goosehead Insurance were worth $7,061,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Whitebark Investors LP bought a new stake in Goosehead Insurance during the fourth quarter worth approximately $55,326,000. Northern Trust Corp boosted its holdings in Goosehead Insurance by 10.4% during the fourth quarter. Northern Trust Corp now owns 266,466 shares of the company’s stock worth $28,570,000 after buying an additional 25,173 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Goosehead Insurance by 89.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company’s stock worth $21,870,000 after buying an additional 96,309 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Goosehead Insurance by 110.0% during the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company’s stock worth $16,054,000 after buying an additional 78,434 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in Goosehead Insurance by 57.0% during the fourth quarter. Voloridge Investment Management LLC now owns 128,463 shares of the company’s stock worth $13,774,000 after buying an additional 46,665 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler restated a “neutral” rating and set a $109.00 target price (down from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. JPMorgan Chase & Co. decreased their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. BMO Capital Markets decreased their price objective on shares of Goosehead Insurance from $142.00 to $110.00 and set a “market perform” rating for the company in a research note on Friday, July 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $150.00 price objective on shares of Goosehead Insurance in a research note on Thursday, April 24th. Finally, UBS Group decreased their price objective on shares of Goosehead Insurance from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and an average price target of $109.50.

Goosehead Insurance Stock Up 3.4%

GSHD stock opened at $88.65 on Tuesday. Goosehead Insurance has a 12-month low of $79.33 and a 12-month high of $130.39. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 2.10. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 78.45, a PEG ratio of 7.52 and a beta of 1.31. The company has a 50 day moving average of $101.13 and a two-hundred day moving average of $107.06.

Goosehead Insurance (NASDAQ:GSHD) last released its earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%. The company had revenue of $94.03 million during the quarter, compared to analysts’ expectations of $94.18 million. During the same quarter in the previous year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Lindy Langston sold 11,042 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $110.20, for a total transaction of $1,216,828.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel John Terry O’connor sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total transaction of $261,050.00. Following the transaction, the general counsel owned 1,000 shares in the company, valued at $104,420. This represents a 71.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 150,482 shares of company stock worth $15,346,373 over the last quarter. Company 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.