Annex Advisory Services LLC Sells 55,733 Shares of Goosehead Insurance $GSHD

Key Points

• Annex Advisory Services LLC trimmed its stake in Goosehead Insurance by 39%, selling 55,733 shares and leaving it with 87,158 shares valued at about $6.42 million (roughly 0.24% of the company).
• Multiple analysts have cut price targets (e.g., JPMorgan and Truist to $58, BMO to $55) and the consensus rating is Hold with an average target price of $67.45.
• Director Louis Goldberg bought 5,575 shares at $44.85 (≈$250k), and company insiders now own about 38.07% of Goosehead's stock.

Annex Advisory Services LLC trimmed its holdings in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 39.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,158 shares of the company's stock after selling 55,733 shares during the quarter. Annex Advisory Services LLC owned approximately 0.24% of Goosehead Insurance worth $6,419,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Goosehead Insurance by 480.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock worth $34,000 after acquiring an additional 269 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Goosehead Insurance by 802.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock worth $47,000 after buying an additional 393 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Goosehead Insurance by 71.4% in the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company's stock worth $51,000 after buying an additional 284 shares during the last quarter. Covestor Ltd raised its position in shares of Goosehead Insurance by 52.3% during the 3rd quarter. Covestor Ltd now owns 1,177 shares of the company's stock valued at $88,000 after buying an additional 404 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $88,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on GSHD. Wall Street Zen upgraded Goosehead Insurance from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. lowered their price objective on Goosehead Insurance from $68.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 9th. Citizens Jmp dropped their price objective on shares of Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating for the company in a research note on Monday. Truist Financial cut their price objective on shares of Goosehead Insurance from $72.00 to $58.00 and set a "hold" rating on the stock in a research report on Wednesday, February 18th. Finally, BMO Capital Markets reduced their target price on shares of Goosehead Insurance from $79.00 to $55.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and an average target price of $67.45.

Insider Buying and Selling

In other Goosehead Insurance news, Director Louis Goldberg acquired 5,575 shares of Goosehead Insurance stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $44.85 per share, with a total value of $250,038.75. Following the completion of the purchase, the director directly owned 5,575 shares of the company's stock, valued at approximately $250,038.75. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.07% of the stock is owned by company insiders.

Goosehead Insurance Stock Down 3.3%

GSHD opened at $40.50 on Wednesday. The stock's fifty day moving average is $47.42 and its two-hundred day moving average is $62.59. The company has a market capitalization of $1.48 billion, a P/E ratio of 38.94, a PEG ratio of 3.05 and a beta of 1.69. Goosehead Insurance has a 52 week low of $39.64 and a 52 week high of $114.76.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.10. The business had revenue of $78.20 million for the quarter, compared to the consensus estimate of $99.67 million. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The business's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 EPS. Equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Goosehead Insurance Company Profile

Goosehead Insurance NASDAQ: GSHD is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.

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