Goosehead Insurance (NASDAQ:GSHD) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in Goosehead Insurance by 9.1% during Q1, now holding approximately 0.16% of the company worth about $7 million after selling over 6,000 shares.
• Analyst ratings have varied: JPMorgan lowered its price target to $98 with a "neutral" rating, while JMP Securities maintained a "market outperform" rating with a target of $150.
• Goosehead Insurance reported $0.49 EPS for the last quarter, missing estimates by $0.04, although revenue grew by 20.4% year-over-year, totaling $94.03 million.

Natixis Advisors LLC lessened its stake in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,812 shares of the company's stock after selling 6,007 shares during the quarter. Natixis Advisors LLC owned approximately 0.16% of Goosehead Insurance worth $7,061,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GSHD. Raymond James Financial Inc. acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $491,000. LPL Financial LLC acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $251,000. Pictet Asset Management Holding SA raised its stake in shares of Goosehead Insurance by 10.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,792 shares of the company's stock valued at $299,000 after purchasing an additional 254 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Goosehead Insurance during the fourth quarter worth about $328,000. Finally, Alliancebernstein L.P. raised its stake in Goosehead Insurance by 18.5% during the fourth quarter. Alliancebernstein L.P. now owns 27,725 shares of the company's stock worth $2,973,000 after acquiring an additional 4,335 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GSHD. JPMorgan Chase & Co. dropped their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. UBS Group dropped their price objective on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Piper Sandler reiterated a "neutral" rating and set a $109.00 price objective (down previously from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. Finally, JMP Securities reiterated a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and a consensus target price of $109.50.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $88.65 on Tuesday. Goosehead Insurance has a 52 week low of $79.33 and a 52 week high of $130.39. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 78.45, a price-to-earnings-growth ratio of 7.52 and a beta of 1.31. The company has a 50-day moving average price of $101.13 and a two-hundred day moving average price of $107.06.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The company had revenue of $94.03 million for the quarter, compared to analyst estimates of $94.18 million. During the same quarter in the prior year, the business earned $0.43 EPS. Goosehead Insurance's revenue was up 20.4% compared to the same quarter last year. Analysts forecast that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Transactions at Goosehead Insurance

In other news, CFO Mark E. Jr. Jones bought 1,149 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was purchased at an average cost of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the transaction, the chief financial officer directly owned 3,491 shares of the company's stock, valued at approximately $300,505.28. This trade represents a 49.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the general counsel owned 1,000 shares of the company's stock, valued at $104,420. This trade represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,482 shares of company stock valued at $15,346,373. 37.76% of the stock is currently owned by company insiders.

Goosehead Insurance Company Profile

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.

Want to see what other hedge funds are holding GSHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goosehead Insurance (NASDAQ:GSHD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.