Wallace Advisory Group LLC Makes New Investment in Goosehead Insurance, Inc (NASDAQ:GSHD)

Wallace Advisory Group LLC bought a new stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,732 shares of the company’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in Goosehead Insurance during the 3rd quarter worth $29,000. GAMMA Investing LLC boosted its holdings in shares of Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after acquiring an additional 231 shares during the period. Blue Trust Inc. grew its position in shares of Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after acquiring an additional 403 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Goosehead Insurance in the 3rd quarter worth about $60,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Goosehead Insurance in the 3rd quarter valued at about $63,000.

Analyst Ratings Changes

Several research analysts have commented on GSHD shares. BMO Capital Markets upped their target price on shares of Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Truist Financial increased their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Piper Sandler lifted their target price on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. TD Cowen increased their price target on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, JMP Securities lifted their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $99.20.

Insider Buying and Selling

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total value of $4,402,024.88. The disclosure for this sale can be found here. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $103.91 on Tuesday. The firm has a 50-day moving average of $114.26 and a two-hundred day moving average of $94.18. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 144.32, a PEG ratio of 4.44 and a beta of 1.41. 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, Inc has a twelve month low of $50.47 and a twelve month high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. As a group, analysts expect that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

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.