Motley Fool Wealth Management LLC Sells 9,785 Shares of Goosehead Insurance (NASDAQ:GSHD)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Goosehead Insurance by 8.5%, holding approximately 104,911 shares valued at $12.39 million.
• Goosehead Insurance's stock recently opened at $86.05, and the company reported a net margin of 8.76% with a negative return on equity of 59.49%, missing earnings expectations for the last quarter.
• Multiple analysts have lowered their price targets on Goosehead Insurance, with Piper Sandler setting a target of $109.00, indicating a shift in market sentiment towards a more cautious outlook.

Motley Fool Wealth Management LLC trimmed its position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,911 shares of the company's stock after selling 9,785 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.28% of Goosehead Insurance worth $12,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GSHD. Whitebark Investors LP acquired a new position in shares of Goosehead Insurance during the fourth quarter worth approximately $55,326,000. D. E. Shaw & Co. Inc. lifted its position in shares of Goosehead Insurance by 89.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,969 shares of the company's stock worth $21,870,000 after purchasing an additional 96,309 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Goosehead Insurance by 110.0% during the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock worth $16,054,000 after purchasing an additional 78,434 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Goosehead Insurance by 11,900.8% during the first quarter. GAMMA Investing LLC now owns 72,725 shares of the company's stock worth $8,586,000 after purchasing an additional 72,119 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Goosehead Insurance during the first quarter worth approximately $8,025,000.

Goosehead Insurance Stock Up 5.4%

Goosehead Insurance stock traded up $4.61 during mid-day trading on Wednesday, reaching $90.68. The company's stock had a trading volume of 730,261 shares, compared to its average volume of 445,716. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 80.25, a price-to-earnings-growth ratio of 7.55 and a beta of 1.31. 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 business's 50 day simple moving average is $97.99 and its 200 day simple moving average is $106.20. Goosehead Insurance has a 12 month low of $79.33 and a 12 month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $94.03 million for the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%. The business's quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. As a group, research analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 45,998 shares of Goosehead Insurance stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $86.44, for a total value of $3,976,067.12. Following the completion of the sale, the insider owned 132,349 shares in the company, valued at $11,440,247.56. The trade was a 25.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark E. Jr. Jones acquired 1,149 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of $86.08 per share, with a total value of $98,905.92. Following the purchase, the chief financial officer directly owned 3,491 shares in the company, valued at approximately $300,505.28. This represents a 49.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 126,459 shares of company stock worth $11,533,528 in the last quarter. 48.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GSHD shares. Cantor Fitzgerald started coverage on shares of Goosehead Insurance in a research report on Tuesday. They set an "overweight" rating and a $125.00 target price on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. cut their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. JMP Securities restated a "market outperform" rating and issued a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday, April 24th. Finally, Piper Sandler restated a "neutral" rating and issued a $109.00 price objective (down from $122.00) on shares of Goosehead Insurance in a report on Thursday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Goosehead Insurance has an average rating of "Hold" and an average price target of $110.91.

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.