Goosehead Insurance $GSHD Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of Goosehead Insurance (NASDAQ:GSHD) by 12.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,321 shares of the company’s stock after selling 11,292 shares during the period. Envestnet Asset Management Inc. owned about 0.22% of Goosehead Insurance worth $6,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in GSHD. AQR Capital Management LLC raised its stake in shares of Goosehead Insurance by 85.7% during the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after buying an additional 1,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Goosehead Insurance by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock valued at $1,578,000 after acquiring an additional 578 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock valued at $41,885,000 after acquiring an additional 164,693 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Goosehead Insurance by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock valued at $6,894,000 after acquiring an additional 3,218 shares during the period. Finally, Intech Investment Management LLC boosted its position in Goosehead Insurance by 28.2% in the 1st quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after purchasing an additional 2,461 shares in the last quarter.

Goosehead Insurance Stock Up 1.6%

Shares of NASDAQ GSHD opened at $44.45 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 42.74, a price-to-earnings-growth ratio of 2.68 and a beta of 1.54. The company’s 50-day simple moving average is $66.29 and its 200-day simple moving average is $72.55. Goosehead Insurance has a 52-week low of $42.87 and a 52-week high of $127.99.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Tuesday, February 17th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The business had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $99.67 million. Goosehead Insurance had a negative return on equity of 21.31% and a net margin of 7.62%.The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Equities research analysts anticipate that Goosehead Insurance will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GSHD has been the subject of several recent research reports. Citizens Jmp cut their target price on shares of Goosehead Insurance from $140.00 to $125.00 and set a “market outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Goosehead Insurance from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, January 7th. Zacks Research raised shares of Goosehead Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Piper Sandler upgraded Goosehead Insurance from a “neutral” rating to an “overweight” rating and set a $69.00 price target for the company in a research note on Wednesday. Finally, UBS Group reduced their price target on Goosehead Insurance from $130.00 to $121.00 and set a “buy” rating for the company in a report on Monday, October 27th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $84.00.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, CEO Mark Miller purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were purchased at an average cost of $72.34 per share, with a total value of $361,700.00. Following the completion of the purchase, the chief executive officer owned 35,000 shares in the company, valued at approximately $2,531,900. This represents a 16.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel John Terry O’connor acquired 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average cost of $71.81 per share, with a total value of $150,801.00. Following the purchase, the general counsel owned 3,100 shares in the company, valued at $222,611. This represents a 210.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 48.35% of the stock is currently owned by insiders.

About Goosehead Insurance

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.