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 lowered its stake in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 8.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,911 shares of the company's stock after selling 9,785 shares during the period. Motley Fool Wealth Management LLC owned about 0.28% of Goosehead Insurance worth $12,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Goosehead Insurance by 2.4% during the first quarter. Principal Financial Group Inc. now owns 121,654 shares of the company's stock worth $14,362,000 after acquiring an additional 2,800 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Goosehead Insurance in the first quarter valued at approximately $208,000. Bessemer Group Inc. lifted its position in Goosehead Insurance by 192.9% during the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after buying an additional 191 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Goosehead Insurance during the first quarter worth $349,000. Finally, 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.

Insider Buying and Selling

In other news, CFO Mark E. Jr. Jones acquired 1,149 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the acquisition, the chief financial officer owned 3,491 shares of the company's stock, valued at approximately $300,505.28. This represents a 49.06% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $88.23, for a total value of $5,293,800.00. Following the completion of the transaction, the insider owned 132,349 shares in the company, valued at $11,677,152.27. This represents a 31.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 234,779 shares of company stock worth $21,036,484. Insiders own 48.35% of the company's stock.

Goosehead Insurance Trading Down 0.8%

GSHD stock traded down $0.72 during mid-day trading on Friday, reaching $85.74. 270,748 shares of the stock traded hands, compared to its average volume of 300,007. The company has a market cap of $3.22 billion, a P/E ratio of 75.70, a P/E/G ratio of 7.96 and a beta of 1.31. 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's fifty day moving average is $97.50 and its 200-day moving average is $106.07.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a report on Wednesday. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, July 25th. JPMorgan Chase & Co. lowered 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 report on Thursday, April 24th. UBS Group decreased their target price on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Monday, July 28th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.