Universal Beteiligungs und Servicegesellschaft mbH Invests $2.64 Million in Goosehead Insurance (NASDAQ:GSHD)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,368 shares of the company's stock, valued at approximately $2,641,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Goosehead Insurance at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in Goosehead Insurance during the 1st quarter valued at about $349,000. Financial Harvest LLC acquired a new position in Goosehead Insurance during the 1st quarter valued at about $324,000. Larson Financial Group LLC increased its position in Goosehead Insurance by 1,251.6% during the 1st quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after buying an additional 388 shares in the last quarter. Alps Advisors Inc. acquired a new position in Goosehead Insurance during the 1st quarter valued at about $366,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Goosehead Insurance during the 1st quarter valued at about $53,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GSHD shares. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a research report on Thursday, April 24th. Piper Sandler reissued 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. Keefe, Bruyette & Woods cut their price objective on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. UBS Group cut their price objective on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday. Finally, BMO Capital Markets cut their price objective on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Goosehead Insurance has an average rating of "Hold" and a consensus target price of $109.50.

Goosehead Insurance Trading Down 5.7%

GSHD stock traded down $5.19 during midday trading on Friday, hitting $85.72. 735,479 shares of the company's stock were exchanged, compared to its average volume of 294,360. The business has a 50-day simple moving average of $101.99 and a two-hundred day simple moving average of $107.43. 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 has a market capitalization of $3.22 billion, a PE ratio of 75.86, a P/E/G ratio of 8.02 and a beta of 1.42. Goosehead Insurance has a 1-year low of $79.33 and a 1-year high of $130.39.

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

Insider Transactions at Goosehead Insurance

In other Goosehead Insurance 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 stock was sold at an average price of $104.42, for a total transaction of $261,050.00. Following the transaction, the general counsel owned 1,000 shares in the company, valued at approximately $104,420. The trade was a 71.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $104.76, for a total value of $2,240,292.60. Following the transaction, the insider owned 132,349 shares in the company, valued at $13,864,881.24. The trade was a 13.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,966 shares of company stock worth $12,407,821 over the last three months. 48.35% of the stock is currently owned by company insiders.

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.