Jackson Creek Investment Advisors LLC Makes New $991,000 Investment in Goosehead Insurance, Inc (NASDAQ:GSHD)

Jackson Creek Investment Advisors LLC acquired a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,072 shares of the company’s stock, valued at approximately $991,000.

Other hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Goosehead Insurance in the fourth quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd bought a new position in Goosehead Insurance in the third quarter valued at approximately $37,000. Signaturefd LLC raised its position in Goosehead Insurance by 28.9% during the third quarter. Signaturefd LLC now owns 1,116 shares of the company’s stock valued at $83,000 after purchasing an additional 250 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Goosehead Insurance by 18.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,229 shares of the company’s stock valued at $92,000 after purchasing an additional 195 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Goosehead Insurance in the 3rd quarter valued at $204,000.

Insiders Place Their Bets

In related news, major shareholder Desiree Coleman sold 8,952 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $80.05, for a total value of $716,607.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Desiree Coleman sold 8,952 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $80.05, for a total transaction of $716,607.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark E. Jr. Jones bought 1,332 shares of Goosehead Insurance stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $74.86 per share, with a total value of $99,713.52. Following the completion of the acquisition, the chief financial officer now owns 1,332 shares of the company’s stock, valued at $99,713.52. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 7,582 shares of company stock worth $561,249 and have sold 68,617 shares worth $5,291,137. Corporate insiders own 38.03% of the company’s stock.

Analysts Set New Price Targets

GSHD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Goosehead Insurance from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Truist Financial cut their target price on shares of Goosehead Insurance from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. BMO Capital Markets lowered their price target on shares of Goosehead Insurance from $90.00 to $72.00 and set an “outperform” rating for the company in a report on Tuesday. Piper Sandler cut their price objective on Goosehead Insurance from $88.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Finally, JMP Securities reiterated a “market outperform” rating and set a $100.00 price target on shares of Goosehead Insurance in a report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

Goosehead Insurance Stock Up 0.1 %

Shares of NASDAQ GSHD traded up $0.06 during trading on Tuesday, hitting $56.91. 446,930 shares of the company traded hands, compared to its average volume of 305,985. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.73 and a current ratio of 1.73. The business’s fifty day moving average is $68.19 and its 200 day moving average is $72.33. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 91.19, a P/E/G ratio of 3.53 and a beta of 1.28. Goosehead Insurance, Inc has a fifty-two week low of $50.47 and a fifty-two week high of $92.76.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Goosehead Insurance had a return on equity of 202.00% and a net margin of 5.99%. The business had revenue of $64.46 million for the quarter, compared to analyst estimates of $66.24 million. Equities research analysts predict that Goosehead Insurance, Inc will post 0.9 earnings per share for the current fiscal 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.