Motley Fool Wealth Management LLC Buys 37,685 Shares of Goosehead Insurance $GSHD

Motley Fool Wealth Management LLC increased its stake in shares of Goosehead Insurance (NASDAQ:GSHD) by 44.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,473 shares of the company’s stock after buying an additional 37,685 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Goosehead Insurance were worth $9,020,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after buying an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Goosehead Insurance by 802.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after buying an additional 393 shares during the period. Fifth Third Bancorp lifted its position in shares of Goosehead Insurance by 71.4% during the 3rd quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after buying an additional 284 shares during the period. State of Wyoming bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $79,000. Finally, Leonteq Securities AG bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $83,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GSHD shares. Piper Sandler decreased their price target on Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Truist Financial reduced their price objective on Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Cantor Fitzgerald reduced their price objective on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Weiss Ratings downgraded Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Finally, Bank of America reduced their price objective on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.09.

Insider Buying and Selling

In other Goosehead Insurance news, CFO John Arthur Martin acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average price of $34.73 per share, with a total value of $173,650.00. Following the purchase, the chief financial officer owned 5,000 shares of the company’s stock, valued at $173,650. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Patrick Ryan Langston acquired 2,800 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $35.56 per share, for a total transaction of $99,568.00. Following the purchase, the insider directly owned 7,800 shares in the company, valued at $277,368. This trade represents a 56.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. 38.07% of the stock is owned by company insiders.

Goosehead Insurance Stock Down 1.6%

GSHD stock opened at $35.92 on Wednesday. The business’s fifty day moving average is $41.44 and its 200-day moving average is $55.01. The company has a market cap of $1.28 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.52. Goosehead Insurance has a twelve month low of $33.68 and a twelve month high of $109.39.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 EPS. Research analysts anticipate that Goosehead Insurance will post 1.49 earnings per share for the current fiscal year.

About Goosehead Insurance

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.