International Assets Investment Management LLC Buys Shares of 9,096 Goosehead Insurance, Inc (NASDAQ:GSHD)

International Assets Investment Management LLC bought a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,096 shares of the company’s stock, valued at approximately $689,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GSHD. SG Americas Securities LLC bought a new stake in shares of Goosehead Insurance in the third quarter valued at about $494,000. State of Alaska Department of Revenue acquired a new stake in shares of Goosehead Insurance in the third quarter valued at approximately $1,109,000. Maryland State Retirement & Pension System acquired a new stake in shares of Goosehead Insurance in the third quarter valued at approximately $656,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Goosehead Insurance in the third quarter valued at approximately $1,048,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Goosehead Insurance by 130.7% in the third quarter. Bank of New York Mellon Corp now owns 181,779 shares of the company’s stock valued at $13,548,000 after buying an additional 102,992 shares during the last quarter.

Goosehead Insurance Trading Up 0.3 %

Shares of GSHD opened at $60.20 on Thursday. Goosehead Insurance, Inc has a 52-week low of $53.57 and a 52-week high of $92.76. The business’s fifty day moving average is $70.97 and its 200-day moving average is $72.75. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 105.61, a PEG ratio of 4.23 and a beta of 1.28.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Goosehead Insurance had a net margin of 5.41% and a negative return on equity of 392.58%. The business had revenue of $63.01 million during the quarter, compared to the consensus estimate of $68.18 million. Equities analysts anticipate that Goosehead Insurance, Inc will post 0.8 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Desiree Coleman sold 2,324 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $80.17, for a total transaction of $186,315.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 3,934 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.67, for a total value of $297,685.78. Following the sale, the insider now directly owns 132,349 shares in the company, valued at approximately $10,014,848.83. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. Corporate insiders own 38.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Goosehead Insurance from $61.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Truist Financial lowered their target price on Goosehead Insurance from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. TD Cowen started coverage on Goosehead Insurance in a research note on Wednesday, January 10th. They set an “outperform” rating and a $105.00 target price on the stock. Piper Sandler raised their price objective on Goosehead Insurance from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, BMO Capital Markets lowered their price objective on Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $84.88.

About Goosehead Insurance

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.