Riverbridge Partners LLC Lowers Stake in Goosehead Insurance (NASDAQ:GSHD)

Riverbridge Partners LLC reduced its position in Goosehead Insurance (NASDAQ:GSHD - Free Report) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,133 shares of the company's stock after selling 26,662 shares during the quarter. Riverbridge Partners LLC owned approximately 0.74% of Goosehead Insurance worth $32,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Kestra Investment Management LLC bought a new position in Goosehead Insurance in the 4th quarter worth $63,000. Smartleaf Asset Management LLC boosted its holdings in Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after buying an additional 509 shares during the period. Jones Financial Companies Lllp boosted its holdings in Goosehead Insurance by 51.8% in the 4th quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock worth $97,000 after buying an additional 309 shares during the period. New Age Alpha Advisors LLC bought a new position in Goosehead Insurance in the 4th quarter worth $148,000. Finally, Prudent Man Advisors LLC bought a new position in Goosehead Insurance in the 4th quarter worth $214,000.

Analyst Upgrades and Downgrades

GSHD has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. UBS Group cut their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. 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. Truist Financial reiterated a "hold" rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. Finally, Piper Sandler decreased their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Trading Down 1.0%

Shares of NASDAQ GSHD opened at $98.37 on Friday. The business's 50 day moving average is $105.42 and its two-hundred day moving average is $109.87. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.79 and a quick ratio of 2.79. Goosehead Insurance has a 1-year low of $54.80 and a 1-year high of $130.39. The stock has a market capitalization of $3.69 billion, a P/E ratio of 82.66, a PEG ratio of 6.93 and a beta of 1.46.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data 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. Goosehead Insurance had a negative return on equity of 99.91% and a net margin of 9.51%. The company had revenue of $75.58 million for the quarter, compared to analysts' expectations of $78.59 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, research analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 30,081 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $101.95, for a total value of $3,066,757.95. Following the completion of the sale, the insider now owns 132,349 shares in the company, valued at approximately $13,492,980.55. This trade represents a 18.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lindy Langston sold 2,853 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total transaction of $314,286.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,678 shares of company stock worth $17,689,105. 48.35% of the stock is currently owned by insiders.

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.

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