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

Cetera Investment Advisers lowered its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GSHD. R Squared Ltd acquired a new position in shares of Goosehead Insurance during the fourth quarter worth about $39,000. Kestra Investment Management LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter worth about $63,000. Smartleaf Asset Management LLC lifted its stake in shares of Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after purchasing an additional 509 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Goosehead Insurance by 51.8% during the fourth quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock worth $97,000 after purchasing an additional 309 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter worth about $148,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GSHD shares. Truist Financial restated a "hold" rating and set a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets reduced their price target on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Piper Sandler decreased their target price on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, JMP Securities restated a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday, April 24th. One 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $115.40.

Insider Activity

In other news, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $120.12, for a total value of $60,060.00. Following the transaction, the insider now owns 132,349 shares of the company's stock, valued at approximately $15,897,761.88. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Lindy Langston sold 2,853 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The disclosure for this sale can be found here. Insiders have sold a total of 182,778 shares of company stock worth $20,161,729 over the last three months. Corporate insiders own 48.35% of the company's stock.

Goosehead Insurance Trading Up 0.1%

GSHD traded up $0.15 during mid-day trading on Friday, reaching $108.63. The stock had a trading volume of 231,191 shares, compared to its average volume of 273,143. The stock has a market capitalization of $4.08 billion, a P/E ratio of 150.88, a P/E/G ratio of 5.17 and a beta of 1.45. 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's fifty day simple moving average is $107.53 and its two-hundred day simple moving average is $111.35. Goosehead Insurance, Inc has a 52 week low of $54.80 and a 52 week high of $130.39.

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