Sovereign s Capital Management LLC Takes Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Sovereign s Capital Management LLC acquired a new position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,234 shares of the company's stock, valued at approximately $3,027,000. Goosehead Insurance makes up approximately 1.9% of Sovereign s Capital Management LLC's portfolio, making the stock its 22nd biggest holding. Sovereign s Capital Management LLC owned 0.08% of Goosehead Insurance at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Twinbeech Capital LP acquired a new stake in shares of Goosehead Insurance in the fourth quarter worth $2,460,000. Two Sigma Investments LP raised its holdings in shares of Goosehead Insurance by 9.7% during the fourth quarter. Two Sigma Investments LP now owns 15,800 shares of the company's stock worth $1,694,000 after acquiring an additional 1,400 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Goosehead Insurance during the fourth quarter worth $665,000. ProShare Advisors LLC raised its holdings in Goosehead Insurance by 44.2% during the fourth quarter. ProShare Advisors LLC now owns 6,812 shares of the company's stock valued at $730,000 after buying an additional 2,088 shares in the last quarter. Finally, Man Group plc bought a new position in Goosehead Insurance during the fourth quarter valued at about $510,000.

Goosehead Insurance Stock Performance

GSHD stock traded down $0.42 during trading on Thursday, reaching $107.24. 229,862 shares of the stock were exchanged, compared to its average volume of 274,496. Goosehead Insurance, Inc has a twelve month low of $54.80 and a twelve month high of $130.39. The company has a market capitalization of $4.02 billion, a P/E ratio of 148.95, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. The stock has a 50 day simple moving average of $108.66 and a 200-day simple moving average of $111.64. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. During the same period last year, the business earned $0.28 earnings per share. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GSHD. Truist Financial restated a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their target price on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. UBS Group cut their target price on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Bank of America raised their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $115.40.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of Goosehead Insurance stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the sale, the director now directly owns 339,008 shares of the company's stock, valued at approximately $41,138,620.80. The trade was a 37.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the sale, the insider now directly owns 132,349 shares in the company, valued at $16,290,838.41. The trade was a 12.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 413,883 shares of company stock valued at $48,268,964. 48.35% of the stock is currently owned by corporate insiders.

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.