Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 27.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,202 shares of the company’s stock after selling 3,859 shares during the quarter. Atria Investments Inc’s holdings in Goosehead Insurance were worth $911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GSHD. Vanguard Group Inc. raised its holdings in Goosehead Insurance by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after acquiring an additional 46,861 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Goosehead Insurance by 30.4% in the second quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company’s stock valued at $2,017,000 after purchasing an additional 8,193 shares during the last quarter. Quarry LP lifted its position in Goosehead Insurance by 2,810.7% during the second quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after buying an additional 787 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Goosehead Insurance during the second quarter worth $408,000. Finally, Janney Montgomery Scott LLC grew its holdings in Goosehead Insurance by 31.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,428 shares of the company’s stock valued at $295,000 after buying an additional 1,058 shares in the last quarter.

Analysts Set New Price Targets

GSHD has been the topic of several recent research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $84.00 price target (down previously from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. Piper Sandler boosted their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 28th. JMP Securities raised their price target on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. BMO Capital Markets cut Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a report on Thursday, August 22nd. Finally, Truist Financial raised their target price on Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $91.30.

Insider Activity

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 14,030 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $82.96, for a total value of $1,163,928.80. Following the sale, the chairman now owns 39,451 shares of the company’s stock, valued at $3,272,854.96. This trade represents a 26.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Patrick Ryan Langston sold 4,814 shares of Goosehead Insurance stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $90.26, for a total value of $434,511.64. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $451,300. The trade was a 49.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,262 shares of company stock valued at $14,589,805. 48.35% of the stock is currently owned by company insiders.

Goosehead Insurance Stock Down 0.1 %

NASDAQ:GSHD opened at $119.08 on Monday. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $124.00. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock’s fifty day moving average is $97.59 and its two-hundred day moving average is $79.11. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 165.39, a price-to-earnings-growth ratio of 4.58 and a beta of 1.32.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $78.04 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. Research analysts anticipate that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Goosehead Insurance Company 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.