Motley Fool Asset Management LLC Has $13.22 Million Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Motley Fool Asset Management LLC decreased its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,720 shares of the company's stock after selling 7,201 shares during the quarter. Motley Fool Asset Management LLC owned about 0.40% of Goosehead Insurance worth $13,218,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. boosted its position in shares of Goosehead Insurance by 49.4% during the second quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company's stock worth $36,000 after buying an additional 210 shares during the period. GAMMA Investing LLC lifted its position in Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company's stock valued at $31,000 after acquiring an additional 231 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Goosehead Insurance by 5.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,040 shares of the company's stock valued at $448,000 after purchasing an additional 276 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Goosehead Insurance in the third quarter valued at approximately $29,000. Finally, Blue Trust Inc. raised its stake in Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company's stock valued at $42,000 after acquiring an additional 403 shares during the last quarter.

Goosehead Insurance Price Performance

NASDAQ GSHD traded down $0.18 on Wednesday, reaching $125.46. 121,167 shares of the stock traded hands, compared to its average volume of 286,251. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $130.39. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 173.72, a P/E/G ratio of 4.76 and a beta of 1.38. The firm's fifty day simple moving average is $106.58 and its 200 day simple moving average is $84.45. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, research analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Piper Sandler boosted their target price on Goosehead Insurance from $103.00 to $122.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Royal Bank of Canada increased their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Goosehead Insurance from $65.00 to $77.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. TD Cowen raised their price target on Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Goosehead Insurance currently has an average rating of "Hold" and a consensus price target of $97.90.

Insiders Place Their Bets

In other Goosehead Insurance news, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the sale, the chief executive officer now directly owns 30,000 shares of the company's stock, valued at approximately $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Ryan Langston sold 2,167 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $90.09, for a total value of $195,225.03. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at approximately $450,450. This represents a 30.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,255 shares of company stock valued at $12,686,800 in the last three months. Insiders own 38.03% 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.