Cetera Investment Advisers Sells 2,886 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Cetera Investment Advisers reduced its position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,694 shares of the company's stock after selling 2,886 shares during the period. Cetera Investment Advisers' holdings in Goosehead Insurance were worth $503,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in Goosehead Insurance by 10.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,880 shares of the company's stock valued at $738,000 after buying an additional 679 shares during the last quarter. R Squared Ltd acquired a new position in Goosehead Insurance in the fourth quarter worth $39,000. Precision Wealth Strategies LLC boosted its stake in Goosehead Insurance by 5.7% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,726 shares of the company's stock worth $507,000 after purchasing an additional 256 shares in the last quarter. Chicago Capital LLC acquired a new position in Goosehead Insurance in the fourth quarter worth $321,000. Finally, Entropy Technologies LP bought a new stake in shares of Goosehead Insurance during the fourth quarter worth $247,000.

Wall Street Analyst Weigh In

GSHD has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target 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. Keefe, Bruyette & Woods upped their price objective on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Truist Financial reissued a "hold" rating and set a $90.00 price target (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, UBS Group lowered their price objective on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and a consensus target price of $115.40.

Insiders Place Their Bets

In related news, General Counsel John Terry O'connor sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total value of $261,050.00. Following the transaction, the general counsel now owns 1,000 shares in the company, valued at approximately $104,420. This represents a 71.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $101.95, for a total value of $3,066,757.95. Following the sale, the insider now owns 132,349 shares in the company, valued at approximately $13,492,980.55. This represents a 18.52% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 413,883 shares of company stock valued at $48,268,964. 48.35% of the stock is currently owned by company insiders.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD traded down $0.13 during mid-day trading on Thursday, hitting $108.48. 150,638 shares of the stock traded hands, compared to its average volume of 272,601. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a twelve month low of $54.80 and a twelve month high of $130.39. The company has a market cap of $4.07 billion, a PE ratio of 150.67, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. The firm has a 50 day simple moving average of $107.78 and a two-hundred day simple moving average of $111.54.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. During the same quarter last year, the business posted $0.28 EPS. Goosehead Insurance's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, equities research analysts forecast that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

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.