Riverbridge Partners LLC Sells 14,575 Shares of Goosehead Insurance $GSHD

Riverbridge Partners LLC reduced its stake in Goosehead Insurance (NASDAQ:GSHD) by 6.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 195,817 shares of the company’s stock after selling 14,575 shares during the quarter. Riverbridge Partners LLC’s holdings in Goosehead Insurance were worth $8,354,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $34,000 after acquiring an additional 269 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Goosehead Insurance in the fourth quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock valued at $47,000 after purchasing an additional 393 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Goosehead Insurance by 71.4% during the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock valued at $51,000 after purchasing an additional 284 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Goosehead Insurance by 614.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 860 shares in the last quarter.

Insider Activity at Goosehead Insurance

In related news, CFO John Arthur Martin bought 5,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were purchased at an average cost of $34.73 per share, for a total transaction of $173,650.00. Following the completion of the purchase, the chief financial officer directly owned 5,000 shares in the company, valued at $173,650. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Martin Ellis Thornthwaite bought 5,000 shares of Goosehead Insurance stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $41.50 per share, with a total value of $207,500.00. Following the completion of the transaction, the general counsel directly owned 5,000 shares in the company, valued at approximately $207,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 12,800 shares of company stock worth $480,718 and sold 219,192 shares worth $9,092,267. Company insiders own 38.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GSHD. Cantor Fitzgerald cut their price target on shares of Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Bank of America decreased their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings cut shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Royal Bank Of Canada boosted their target price on Goosehead Insurance from $49.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods upped their target price on Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.09.

Goosehead Insurance Price Performance

NASDAQ GSHD opened at $40.06 on Wednesday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 1.35 and a beta of 1.52. Goosehead Insurance has a one year low of $33.68 and a one year high of $106.84. The business’s fifty day moving average is $40.33 and its 200-day moving average is $52.54.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million for the quarter, compared to the consensus estimate of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. Research analysts expect that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

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.