NBC Securities Inc. Has $614,000 Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

NBC Securities Inc. cut its stake in Goosehead Insurance, Inc (NASDAQ:GSHD) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,225 shares of the company’s stock after selling 597 shares during the period. NBC Securities Inc.’s holdings in Goosehead Insurance were worth $614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas raised its holdings in shares of Goosehead Insurance by 5,350.0% during the 4th quarter. USA Financial Formulas now owns 327 shares of the company’s stock worth $25,000 after buying an additional 321 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance during the 4th quarter worth $35,000. PNC Financial Services Group Inc. raised its holdings in shares of Goosehead Insurance by 18.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock worth $92,000 after buying an additional 195 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Goosehead Insurance during the 4th quarter worth $217,000. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Goosehead Insurance by 1,149.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 3,198 shares of the company’s stock worth $242,000 after buying an additional 2,942 shares in the last quarter.

Insider Buying and Selling at Goosehead Insurance

In related news, COO Mark Miller purchased 10,000 shares of Goosehead Insurance stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $58.06 per share, for a total transaction of $580,600.00. Following the transaction, the chief operating officer now owns 30,000 shares of the company’s stock, valued at approximately $1,741,800. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 48.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GSHD. Truist Financial lowered their price target on Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Piper Sandler lowered their price target on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. BMO Capital Markets lowered their price target on Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. JPMorgan Chase & Co. lowered their target price on Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 target price on shares of Goosehead Insurance in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.00.

Goosehead Insurance Trading Down 2.5 %

NASDAQ GSHD opened at $56.72 on Friday. The business’s 50-day moving average price is $60.15 and its two-hundred day moving average price is $69.69. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $92.76. The firm has a market capitalization of $2.15 billion, a PE ratio of 91.48, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. 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 released its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The firm had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. On average, analysts expect that Goosehead Insurance, Inc will post 0.7 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.