4,584 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,584 shares of the company's stock, valued at approximately $491,000.

A number of other large investors also recently bought and sold shares of the business. R Squared Ltd acquired a new position in Goosehead Insurance during the fourth quarter worth about $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Goosehead Insurance during the third quarter valued at about $63,000. Kestra Investment Management LLC acquired a new position in Goosehead Insurance during the fourth quarter worth $63,000. Smartleaf Asset Management LLC boosted its position in shares of Goosehead Insurance by 462.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after buying an additional 509 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company's stock valued at $65,000 after buying an additional 257 shares during the period.

Goosehead Insurance Stock Performance

GSHD traded up $0.05 on Wednesday, reaching $105.65. The company had a trading volume of 121,082 shares, compared to its average volume of 286,011. The stock has a 50-day moving average price of $109.36 and a 200-day moving average price of $111.63. The stock has a market capitalization of $3.96 billion, a PE ratio of 147.12, a P/E/G ratio of 5.17 and a beta of 1.45. Goosehead Insurance, Inc has a 1 year low of $54.80 and a 1 year high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $75.58 million during the quarter, compared to analysts' expectations of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business's revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. As a group, research analysts forecast that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the sale, the insider now directly owns 132,349 shares of the company's stock, valued at $16,290,838.41. This trade represents a 12.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark E. Jr. Jones acquired 1,010 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $118.02 per share, for a total transaction of $119,200.20. Following the acquisition, the chief financial officer now directly owns 2,342 shares of the company's stock, valued at $276,402.84. This trade represents a 75.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 388,893 shares of company stock worth $45,646,016. 37.76% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on GSHD shares. JMP Securities reiterated a "market outperform" rating and set a $150.00 price target on shares of Goosehead Insurance in a research note on Thursday, April 24th. Bank of America increased their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. BMO Capital Markets lowered their price objective on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. UBS Group reduced their target price on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Piper Sandler lowered their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and an average price target of $115.40.

About Goosehead Insurance

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.