Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Ashford Capital Management Inc.

Ashford Capital Management Inc. trimmed its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,520 shares of the company’s stock after selling 13,170 shares during the quarter. Goosehead Insurance comprises 2.0% of Ashford Capital Management Inc.’s portfolio, making the stock its 24th largest holding. Ashford Capital Management Inc.’s holdings in Goosehead Insurance were worth $17,318,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its holdings in shares of Goosehead Insurance by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company’s stock valued at $1,265,000 after buying an additional 100 shares during the period. Mechanics Bank Trust Department raised its position in Goosehead Insurance by 4.5% in the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock worth $274,000 after acquiring an additional 109 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Goosehead Insurance by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 22,109 shares of the company’s stock valued at $2,371,000 after acquiring an additional 139 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Goosehead Insurance by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 13,468 shares of the company’s stock valued at $1,444,000 after purchasing an additional 204 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Goosehead Insurance by 2.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company’s stock valued at $959,000 after purchasing an additional 210 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on GSHD shares. Keefe, Bruyette & Woods boosted their target price on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Piper Sandler dropped their price target on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. JMP Securities restated a “market outperform” rating and issued a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. Finally, BMO Capital Markets cut their target price on Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $115.40.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the sale, the director now directly owns 339,008 shares of the company’s stock, valued at $41,138,620.80. The trade was a 37.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $101.95, for a total transaction of $3,066,757.95. Following the transaction, the insider now owns 132,349 shares in the company, valued at $13,492,980.55. This represents a 18.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 412,778 shares of company stock worth $48,147,358 over the last 90 days. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Stock Down 0.8%

Goosehead Insurance stock opened at $112.87 on Tuesday. Goosehead Insurance, Inc has a twelve month low of $54.80 and a twelve month high of $130.39. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $4.24 billion, a PE ratio of 156.77, a P/E/G ratio of 5.17 and a beta of 1.45. The firm’s 50 day moving average price is $108.83 and its two-hundred day moving average price is $111.69.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business had revenue of $75.58 million for the quarter, compared to analysts’ expectations of $78.59 million. During the same period in the previous year, the company posted $0.28 EPS. Goosehead Insurance’s revenue was up 17.2% on a year-over-year basis. On average, research analysts predict that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Goosehead Insurance Company Profile

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.