FourThought Financial LLC Purchases 7,781 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

FourThought Financial LLC boosted its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) by 7,073.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,891 shares of the company’s stock after purchasing an additional 7,781 shares during the period. FourThought Financial LLC’s holdings in Goosehead Insurance were worth $281,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Goosehead Insurance by 62.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,074,160 shares of the company’s stock worth $109,563,000 after purchasing an additional 1,182,690 shares in the last quarter. Vanguard Group Inc. increased its holdings in Goosehead Insurance by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,770,176 shares of the company’s stock worth $63,089,000 after purchasing an additional 42,116 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in Goosehead Insurance by 30.7% during the 1st quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock worth $117,605,000 after purchasing an additional 351,769 shares in the last quarter. BlackRock Inc. increased its holdings in Goosehead Insurance by 12.1% during the 3rd quarter. BlackRock Inc. now owns 1,401,984 shares of the company’s stock worth $49,966,000 after purchasing an additional 151,584 shares in the last quarter. Finally, Durable Capital Partners LP increased its holdings in Goosehead Insurance by 12.0% during the 3rd quarter. Durable Capital Partners LP now owns 998,625 shares of the company’s stock worth $35,591,000 after purchasing an additional 106,849 shares in the last quarter. Institutional investors own 99.96% of the company’s stock.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD opened at $49.20 on Friday. Goosehead Insurance, Inc has a 52-week low of $29.23 and a 52-week high of $87.29. The company has a market capitalization of $1.85 billion, a P/E ratio of 2,521.26, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The company has a 50-day simple moving average of $42.05 and a 200 day simple moving average of $40.07.

Analysts Set New Price Targets

GSHD has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Goosehead Insurance from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, February 23rd. Piper Sandler reduced their price objective on shares of Goosehead Insurance from $57.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, February 23rd. Royal Bank of Canada reduced their price objective on shares of Goosehead Insurance from $75.00 to $66.00 and set an “outperform” rating for the company in a research note on Thursday, February 23rd. BMO Capital Markets initiated coverage on shares of Goosehead Insurance in a research note on Thursday, January 19th. They set a “market perform” rating and a $39.00 price objective for the company. Finally, Credit Suisse Group restated an “outperform” rating and set a $72.00 price objective on shares of Goosehead Insurance in a research note on Wednesday, March 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.86.

Insider Activity at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 2,051 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $45.01, for a total value of $92,315.51. Following the completion of the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $5,957,028.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Goosehead Insurance news, major shareholder Camille Peterson sold 11,225 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $44.23, for a total transaction of $496,481.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 2,051 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $45.01, for a total transaction of $92,315.51. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at $5,957,028.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 179,800 shares of company stock worth $8,687,388. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Company Profile

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Goosehead Insurance, Inc is a holding company, which engages in the provision of independent personal lines of insurance. It operates through the Corporate Channel and Franchise Channel segments. The Corporate Channel segment consists of company-owned and financed operations with employees who are hired, trained, and managed by the company.