Yousif Capital Management LLC Trims Stake in Goosehead Insurance (NASDAQ:GSHD)

Yousif Capital Management LLC decreased its position in shares of Goosehead Insurance (NASDAQ:GSHD) by 3.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,965 shares of the company’s stock after selling 278 shares during the period. Yousif Capital Management LLC’s holdings in Goosehead Insurance were worth $1,058,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Goosehead Insurance by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock worth $267,994,000 after acquiring an additional 19,980 shares during the period. American Century Companies Inc. grew its stake in shares of Goosehead Insurance by 51.4% in the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock worth $69,597,000 after buying an additional 220,267 shares during the last quarter. Whitebark Investors LP purchased a new stake in shares of Goosehead Insurance in the 4th quarter worth approximately $55,326,000. Northern Trust Corp grew its stake in shares of Goosehead Insurance by 10.4% in the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company’s stock worth $28,570,000 after buying an additional 25,173 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Goosehead Insurance by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company’s stock worth $23,125,000 after buying an additional 5,459 shares during the last quarter.

Insider Activity

In related news, major shareholder Lindy Langston sold 2,853 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel John Terry O’connor sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $104.42, for a total value of $261,050.00. Following the completion of the transaction, the general counsel now directly owns 1,000 shares in the company, valued at approximately $104,420. This represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,678 shares of company stock valued at $17,689,105 in the last ninety days. 48.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GSHD has been the topic of several recent research reports. Piper Sandler cut their price target on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. UBS Group cut their price target on Goosehead Insurance from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods upped their price target on Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. JMP Securities reiterated a “market outperform” rating and set a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. Finally, Bank of America increased their target price on Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $115.40.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $98.37 on Thursday. The business’s fifty day moving average price is $105.67 and its 200-day moving average price is $110.04. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 82.66, a PEG ratio of 7.00 and a beta of 1.46. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.79 and a quick ratio of 2.79. Goosehead Insurance has a 1-year low of $54.80 and a 1-year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $75.58 million for the quarter, compared to analysts’ expectations of $78.59 million. Goosehead Insurance had a negative return on equity of 99.91% and a net margin of 9.51%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. On average, equities analysts predict that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.