Yousif Capital Management LLC Raises Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Yousif Capital Management LLC lifted its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 11.7% in the fourth quarter, HoldingsChannel reports. The firm owned 13,186 shares of the company’s stock after purchasing an additional 1,384 shares during the quarter. Yousif Capital Management LLC’s holdings in Goosehead Insurance were worth $999,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GSHD. Illinois Municipal Retirement Fund bought a new stake in Goosehead Insurance during the fourth quarter worth approximately $1,083,000. Jennison Associates LLC increased its position in shares of Goosehead Insurance by 5.6% during the 4th quarter. Jennison Associates LLC now owns 7,175 shares of the company’s stock valued at $544,000 after purchasing an additional 383 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in Goosehead Insurance by 4.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 5,529 shares of the company’s stock valued at $419,000 after buying an additional 242 shares during the period. Calamos Advisors LLC bought a new stake in Goosehead Insurance in the fourth quarter worth $1,052,000. Finally, Cornercap Investment Counsel Inc. purchased a new position in Goosehead Insurance during the fourth quarter worth $485,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. BMO Capital Markets reduced their price target on Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Piper Sandler dropped their price objective on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Keefe, Bruyette & Woods reduced their target price on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Truist Financial decreased their target price on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.89.

Goosehead Insurance Stock Performance

Shares of GSHD stock opened at $58.63 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 94.56, a PEG ratio of 3.15 and a beta of 1.31. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $92.76. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.31. The company’s 50 day moving average is $66.42 and its 200 day moving average is $71.97.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The business had revenue of $64.46 million for the quarter, compared to the consensus estimate of $66.24 million. On average, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.7 EPS for the current fiscal year.

Insider Activity

In other news, COO Mark Miller acquired 5,000 shares of Goosehead Insurance stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $73.86 per share, for a total transaction of $369,300.00. Following the purchase, the chief operating officer now directly owns 20,000 shares in the company, valued at approximately $1,477,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Mark Miller purchased 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were acquired at an average cost of $73.86 per share, with a total value of $369,300.00. Following the completion of the acquisition, the chief operating officer now owns 20,000 shares of the company’s stock, valued at $1,477,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total value of $2,722,368.04. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at $9,915,587.08. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 17,582 shares of company stock worth $1,141,849 and have sold 66,293 shares worth $5,104,822. Company 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.