Townsquare Capital LLC Sells 3,846 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Townsquare Capital LLC cut its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,935 shares of the company’s stock after selling 3,846 shares during the quarter. Townsquare Capital LLC’s holdings in Goosehead Insurance were worth $4,906,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GSHD. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Goosehead Insurance by 34.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock valued at $196,956,000 after purchasing an additional 879,959 shares during the period. American Century Companies Inc. boosted its holdings in Goosehead Insurance by 35.7% during the second quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock worth $24,179,000 after buying an additional 110,832 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Goosehead Insurance by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after buying an additional 51,023 shares during the period. Vanguard Group Inc. increased its stake in shares of Goosehead Insurance by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after acquiring an additional 46,861 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Goosehead Insurance by 32.4% in the 2nd quarter. Sei Investments Co. now owns 164,074 shares of the company’s stock valued at $9,424,000 after acquiring an additional 40,107 shares during the period.

Analyst Ratings Changes

A number of brokerages recently issued reports on GSHD. Truist Financial boosted their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price objective on shares of Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. JMP Securities lifted their target price on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. TD Cowen increased their price target on Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, Piper Sandler raised their price target on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $97.90.

Goosehead Insurance Stock Down 2.5 %

GSHD stock opened at $126.50 on Friday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $4.69 billion, a P/E ratio of 175.69, a P/E/G ratio of 4.85 and a beta of 1.32. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The business has a 50-day moving average of $103.62 and a 200-day moving average of $82.51.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly 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. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Insider Activity at Goosehead Insurance

In related news, CEO Mark Miller sold 58,327 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. This represents a 66.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Ryan Langston sold 3,019 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $90.34, for a total value of $272,736.46. Following the transaction, the insider now directly owns 5,000 shares in the company, valued at $451,700. This trade represents a 37.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,255 shares of company stock valued at $12,686,800. Corporate insiders own 48.35% of the company’s stock.

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.