Motley Fool Asset Management LLC Has $8.75 Million Holdings in Goosehead Insurance (NASDAQ:GSHD)

Key Points

• Motley Fool Asset Management LLC reduced its stake in Goosehead Insurance by 13.6% during the first quarter, owning 74,092 shares worth approximately $8.75 million after selling 11,630 shares.
• Several institutional investors made significant changes to their positions in Goosehead, with Whitebark Investors LP acquiring a new position valued at $55.3 million and D. E. Shaw & Co. increasing its stake by 89.5%.
• Goosehead Insurance reported earnings per share of $0.49 for the latest quarter, missing estimates and reflecting a negative return on equity of 59.49%, despite a 20.4% year-over-year revenue increase.

Motley Fool Asset Management LLC lessened its stake in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 13.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,092 shares of the company's stock after selling 11,630 shares during the quarter. Motley Fool Asset Management LLC owned 0.20% of Goosehead Insurance worth $8,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whitebark Investors LP bought a new position in Goosehead Insurance in the fourth quarter valued at $55,326,000. D. E. Shaw & Co. Inc. grew its position in Goosehead Insurance by 89.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock valued at $21,870,000 after purchasing an additional 96,309 shares in the last quarter. Ameriprise Financial Inc. grew its position in Goosehead Insurance by 110.0% in the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock valued at $16,054,000 after purchasing an additional 78,434 shares in the last quarter. GAMMA Investing LLC grew its position in Goosehead Insurance by 11,900.8% in the first quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock valued at $8,586,000 after purchasing an additional 72,119 shares in the last quarter. Finally, Nuveen LLC bought a new position in Goosehead Insurance in the first quarter valued at $8,025,000.

Analyst Ratings Changes

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

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $86.05 on Monday. The firm has a 50-day moving average of $99.38 and a 200-day moving average of $106.55. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92. The stock has a market cap of $3.23 billion, a PE ratio of 76.15, a P/E/G ratio of 7.55 and a beta of 1.31. Goosehead Insurance has a 52-week low of $79.33 and a 52-week high of $130.39.

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

Insider Buying and Selling at Goosehead Insurance

In other news, General Counsel John Terry O'connor sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total value of $261,050.00. Following the completion of the transaction, the general counsel directly owned 1,000 shares in the company, valued at approximately $104,420. The trade was a 71.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 6,175 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $87.14, for a total transaction of $538,089.50. Following the completion of the transaction, the insider owned 132,349 shares of the company's stock, valued at $11,532,891.86. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,629 shares of company stock worth $8,775,776 over the last quarter. Company insiders own 37.76% of the company's stock.

Goosehead Insurance 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.

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