Yousif Capital Management LLC Boosts Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Yousif Capital Management LLC grew its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,186 shares of the company’s stock after purchasing an additional 1,384 shares during the quarter. Yousif Capital Management LLC’s holdings in Goosehead Insurance were worth $999,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GSHD. DekaBank Deutsche Girozentrale bought a new position in Goosehead Insurance during the fourth quarter valued at about $35,000. Harvest Fund Management Co. Ltd purchased a new position in Goosehead Insurance in the third quarter valued at approximately $37,000. Signaturefd LLC grew its holdings in Goosehead Insurance by 28.9% during the third quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock valued at $83,000 after purchasing an additional 250 shares during the period. PNC Financial Services Group Inc. increased its position in Goosehead Insurance by 18.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock worth $92,000 after buying an additional 195 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new stake in Goosehead Insurance in the third quarter worth $204,000.

Goosehead Insurance Trading Down 0.7 %

Shares of Goosehead Insurance stock opened at $58.63 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.73 and a quick ratio of 1.73. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $92.76. The firm has a market cap of $2.22 billion, a PE ratio of 94.56, a PEG ratio of 3.15 and a beta of 1.31. The company has a 50 day simple moving average of $66.42 and a two-hundred day simple moving average of $71.97.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The business 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. TD Cowen assumed coverage on shares of Goosehead Insurance in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. JMP Securities reissued 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 cut their price target on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Desiree Coleman sold 8,952 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $80.05, for a total transaction of $716,607.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.67, for a total transaction of $297,685.78. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $10,014,848.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Desiree Coleman sold 8,952 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $80.05, for a total transaction of $716,607.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 17,582 shares of company stock worth $1,141,849 and have sold 66,293 shares worth $5,104,822. Company insiders own 48.35% of the company’s stock.

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.