Allspring Global Investments Holdings LLC Sells 52,628 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Allspring Global Investments Holdings LLC trimmed its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 21.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 190,977 shares of the company’s stock after selling 52,628 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Goosehead Insurance were worth $14,476,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Goosehead Insurance during the 4th quarter valued at about $35,000. Harvest Fund Management Co. Ltd bought a new stake in Goosehead Insurance in the 3rd quarter worth approximately $37,000. Group One Trading L.P. purchased a new stake in Goosehead Insurance during the 1st quarter valued at $59,000. Tower Research Capital LLC TRC lifted its holdings in shares of Goosehead Insurance by 21.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 928 shares of the company’s stock valued at $58,000 after buying an additional 166 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Goosehead Insurance in the 4th quarter worth $33,000.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, COO Mark Miller acquired 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $73.86 per share, with a total value of $369,300.00. Following the completion of the purchase, the chief operating officer now directly owns 20,000 shares in the company, valued at approximately $1,477,200. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Goosehead Insurance news, major shareholder Desiree Coleman sold 2,324 shares of Goosehead Insurance stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $80.17, for a total value of $186,315.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mark Miller acquired 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $73.86 per share, with a total value of $369,300.00. Following the acquisition, the chief operating officer now directly owns 20,000 shares in the company, valued at $1,477,200. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 7,582 shares of company stock valued at $561,249 and have sold 68,617 shares valued at $5,291,137. Insiders own 48.35% of the company’s stock.

Wall Street Analyst Weigh In

GSHD has been the subject of a number of research reports. JPMorgan Chase & Co. upped 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. TD Cowen assumed coverage on shares of Goosehead Insurance in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 price objective on the stock. JMP Securities reissued a “market outperform” rating and issued a $100.00 price objective on shares of Goosehead Insurance in a report on Monday. Piper Sandler upped their target price on shares of Goosehead Insurance from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.88.

Goosehead Insurance Trading Down 2.0 %

Goosehead Insurance stock opened at $56.90 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. Goosehead Insurance, Inc has a 12-month low of $51.06 and a 12-month high of $92.76. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 99.82, a P/E/G ratio of 4.06 and a beta of 1.28. The firm has a 50 day moving average of $73.84 and a 200 day moving average of $73.36.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Goosehead Insurance had a negative return on equity of 392.58% and a net margin of 5.41%. The firm had revenue of $63.01 million during the quarter, compared to analysts’ expectations of $68.18 million. As a group, research analysts predict that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

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.