Goosehead Insurance $GSHD Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its position in Goosehead Insurance (NASDAQ:GSHD) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,957 shares of the company’s stock after purchasing an additional 27,449 shares during the quarter. Motley Fool Asset Management LLC owned approximately 0.31% of Goosehead Insurance worth $8,319,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Wasatch Advisors LP boosted its position in shares of Goosehead Insurance by 12.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after purchasing an additional 253,777 shares during the period. Durable Capital Partners LP boosted its position in shares of Goosehead Insurance by 126.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after purchasing an additional 861,374 shares during the period. State Street Corp boosted its position in shares of Goosehead Insurance by 1.4% in the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company’s stock valued at $108,412,000 after purchasing an additional 14,311 shares during the period. DF Dent & Co. Inc. boosted its position in shares of Goosehead Insurance by 2.0% in the 3rd quarter. DF Dent & Co. Inc. now owns 1,012,414 shares of the company’s stock valued at $75,344,000 after purchasing an additional 20,085 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in shares of Goosehead Insurance by 118.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock valued at $58,744,000 after purchasing an additional 302,130 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GSHD. Weiss Ratings cut Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Bank of America decreased their target price on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Piper Sandler decreased their target price on Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Citizens Jmp decreased their target price on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Finally, BMO Capital Markets decreased their price objective on Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.09.

Insider Buying and Selling

In other news, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $40.76, for a total transaction of $390,806.88. Following the completion of the transaction, the insider directly owned 6,995,180 shares of the company’s stock, valued at approximately $285,123,536.80. This represents a 0.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Ryan Langston bought 2,800 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $35.56 per share, with a total value of $99,568.00. Following the completion of the purchase, the insider owned 7,800 shares in the company, valued at approximately $277,368. This represents a 56.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 12,800 shares of company stock valued at $480,718 and sold 219,192 shares valued at $9,092,267. 38.07% of the stock is owned by company insiders.

Goosehead Insurance Trading Down 1.6%

Goosehead Insurance stock opened at $35.92 on Wednesday. Goosehead Insurance has a twelve month low of $33.68 and a twelve month high of $109.39. The stock has a 50 day moving average of $41.44 and a two-hundred day moving average of $55.01. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 1.26 and a beta of 1.52.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company had revenue of $79.48 million during the quarter, compared to analysts’ expectations of $105.16 million. During the same period last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities analysts predict that Goosehead Insurance will post 1.49 earnings per share for the current year.

About Goosehead Insurance

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.