Next Century Growth Investors LLC Sells 36,509 Shares of Goosehead Insurance $GSHD

Next Century Growth Investors LLC lessened its position in shares of Goosehead Insurance (NASDAQ:GSHD) by 58.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,050 shares of the company’s stock after selling 36,509 shares during the period. Next Century Growth Investors LLC’s holdings in Goosehead Insurance were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GSHD. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 period. Kestra Advisory Services LLC bought a new position in Goosehead Insurance in the fourth quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. raised its stake in Goosehead Insurance by 802.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after acquiring an additional 393 shares in the last quarter. Fifth Third Bancorp raised its stake in Goosehead Insurance by 71.4% during the third quarter. Fifth Third Bancorp now owns 682 shares of the company’s stock worth $51,000 after acquiring an additional 284 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Goosehead Insurance by 614.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $74,000 after acquiring an additional 860 shares in the last quarter.

Analysts Set New Price Targets

GSHD has been the subject of several research analyst reports. Piper Sandler lowered their target price on Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. Bank of America lowered their target price on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Citizens Jmp lowered their target price on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Finally, Cantor Fitzgerald lowered their target price on Goosehead Insurance from $84.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Goosehead Insurance currently has an average rating of “Hold” and a consensus price target of $65.09.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD opened at $36.82 on Monday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 1.27 and a beta of 1.52. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $107.17. The stock has a 50-day moving average price of $41.15 and a two-hundred day moving average price of $54.32.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. The company had revenue of $79.48 million for the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. On average, sell-side analysts predict that Goosehead Insurance will post 1.49 earnings per share for the current year.

Insider Transactions at Goosehead Insurance

In other news, General Counsel Martin Ellis Thornthwaite purchased 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, for a total transaction of $207,500.00. Following the completion of the acquisition, the general counsel owned 5,000 shares in the company, valued at approximately $207,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Arthur Martin purchased 5,000 shares of Goosehead Insurance stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of $34.73 per share, for a total transaction of $173,650.00. Following the completion of the acquisition, the chief financial officer owned 5,000 shares of the company’s stock, valued at approximately $173,650. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 12,800 shares of company stock valued at $480,718 and have sold 219,192 shares valued at $9,092,267. Insiders own 38.07% of the company’s stock.

Goosehead Insurance Profile

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.