FourThought Financial Partners LLC Has $970,000 Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

FourThought Financial Partners LLC lessened its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,791 shares of the company’s stock after selling 774 shares during the period. FourThought Financial Partners LLC’s holdings in Goosehead Insurance were worth $970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GSHD. DekaBank Deutsche Girozentrale purchased a new stake in Goosehead Insurance in the 4th quarter valued at $35,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Goosehead Insurance in the third quarter valued at about $37,000. Signaturefd LLC lifted its position in shares of Goosehead Insurance by 28.9% during the third quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock valued at $83,000 after purchasing an additional 250 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Goosehead Insurance by 18.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock worth $92,000 after purchasing an additional 195 shares during the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in Goosehead Insurance in the 3rd quarter worth about $204,000.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $74.92, for a total value of $2,722,368.04. Following the completion of the transaction, the insider now owns 132,349 shares in the company, valued at approximately $9,915,587.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark Miller purchased 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was purchased 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 in the company, valued at $1,477,200. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 17,582 shares of company stock worth $1,141,849 and have sold 66,293 shares worth $5,104,822. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Stock Performance

Shares of GSHD stock traded down $0.42 during trading on Friday, reaching $58.63. 418,339 shares of the company’s stock traded hands, compared to its average volume of 421,147. The firm’s 50-day moving average is $66.42 and its 200 day moving average is $71.97. The company has a market capitalization of $2.23 billion, a P/E ratio of 94.56, a PEG ratio of 3.13 and a beta of 1.31. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $92.76. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.31.

Goosehead Insurance (NASDAQ:GSHD) last issued its 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 net margin of 5.99% and a return on equity of 202.00%. The business had revenue of $64.46 million for the quarter, compared to analysts’ expectations of $66.24 million. Equities research analysts expect that Goosehead Insurance, Inc will post 0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

GSHD has been the topic of several recent analyst reports. BMO Capital Markets dropped their target price on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. JMP Securities reiterated a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a report on Monday, April 15th. Piper Sandler cut their price objective on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Keefe, Bruyette & Woods decreased their target price on Goosehead Insurance from $93.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Royal Bank of Canada lowered their target price on Goosehead Insurance from $88.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

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.