FourThought Financial Partners LLC Sells 774 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

FourThought Financial Partners LLC decreased its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,791 shares of the company’s stock after selling 774 shares during the period. FourThought Financial Partners LLC’s holdings in Goosehead Insurance were worth $970,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of GSHD. Vanguard Group Inc. raised its holdings in shares of Goosehead Insurance by 17.8% during the third quarter. Vanguard Group Inc. now owns 2,332,578 shares of the company’s stock valued at $173,847,000 after purchasing an additional 351,630 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in Goosehead Insurance during the 3rd quarter valued at $23,614,000. Barclays PLC raised its stake in Goosehead Insurance by 1,673.1% during the 3rd quarter. Barclays PLC now owns 191,401 shares of the company’s stock valued at $14,266,000 after buying an additional 180,606 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Goosehead Insurance during the 3rd quarter valued at $9,501,000. Finally, 3G Capital Partners LP boosted its stake in shares of Goosehead Insurance by 100.6% in the 3rd quarter. 3G Capital Partners LP now owns 210,000 shares of the company’s stock worth $15,651,000 after buying an additional 105,303 shares during the last quarter.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, COO Mark Miller acquired 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $73.86 per share, with a total value of $369,300.00. Following the completion of the purchase, the chief operating officer now directly owns 20,000 shares in the company, valued at approximately $1,477,200. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 17,070 shares of Goosehead Insurance stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $80.15, for a total value of $1,368,160.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mark Miller purchased 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was bought at an average price of $73.86 per share, for a total transaction of $369,300.00. Following the purchase, the chief operating officer now owns 20,000 shares in the company, valued at $1,477,200. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 17,582 shares of company stock valued at $1,141,849 and have sold 66,293 shares valued at $5,104,822. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Stock Performance

NASDAQ GSHD traded down $0.42 on Friday, reaching $58.63. 418,339 shares of the stock were exchanged, compared to its average volume of 421,147. The firm has a market capitalization of $2.23 billion, a PE ratio of 94.56, a PEG ratio of 3.13 and a beta of 1.31. Goosehead Insurance, Inc has a one year low of $50.47 and a one year high of $92.76. The company’s 50-day simple moving average is $66.42 and its two-hundred day simple moving average is $71.97. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a net margin of 5.99% and a return on equity of 202.00%. The firm had revenue of $64.46 million for the quarter, compared to the consensus estimate of $66.24 million. Analysts expect that Goosehead Insurance, Inc will post 0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of research reports. Royal Bank of Canada reduced their price objective on Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Piper Sandler reduced their price target on shares of Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. JMP Securities reaffirmed a “market outperform” rating and set a $100.00 target price on shares of Goosehead Insurance in a report on Monday, April 15th. Finally, Truist Financial decreased their price target on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

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.