Motley Fool Wealth Management LLC Sells 2,808 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Motley Fool Wealth Management LLC reduced its stake in Goosehead Insurance, Inc (NASDAQ:GSHDFree Report) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,158 shares of the company’s stock after selling 2,808 shares during the period. Motley Fool Wealth Management LLC owned 0.53% of Goosehead Insurance worth $17,428,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Goosehead Insurance during the 3rd quarter worth $29,000. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 231 shares in the last quarter. Blue Trust Inc. increased its position in Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after purchasing an additional 403 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of Goosehead Insurance by 49.4% in 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 in the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Goosehead Insurance in the 3rd quarter worth approximately $60,000.

Goosehead Insurance Stock Up 1.7 %

Shares of NASDAQ GSHD opened at $125.64 on Wednesday. The business’s 50 day moving average is $105.82 and its two-hundred day moving average is $84.02. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 174.50, a PEG ratio of 4.76 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHDGet Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter last year, the business posted $0.28 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 3,019 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $90.34, for a total value of $272,736.46. Following the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $451,700. This represents a 37.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,255 shares of company stock valued at $12,686,800 over the last ninety days. Insiders own 38.03% of the company’s stock.

Wall Street Analysts Forecast Growth

GSHD has been the subject of a number of analyst reports. Royal Bank of Canada increased their target price on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Truist Financial upped their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Piper Sandler boosted their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. BMO Capital Markets raised their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $97.90.

Read Our Latest Report on Goosehead Insurance

Goosehead Insurance Profile

(Free Report)

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.

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

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