15,601 Shares in Goosehead Insurance, Inc (NASDAQ:GSHD) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,601 shares of the company's stock, valued at approximately $1,673,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company's stock worth $267,994,000 after purchasing an additional 19,980 shares during the period. American Century Companies Inc. boosted its holdings in Goosehead Insurance by 51.4% in the 4th quarter. American Century Companies Inc. now owns 649,104 shares of the company's stock worth $69,597,000 after buying an additional 220,267 shares during the period. Northern Trust Corp boosted its holdings in Goosehead Insurance by 10.4% in the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company's stock worth $28,570,000 after buying an additional 25,173 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Goosehead Insurance by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company's stock valued at $23,125,000 after buying an additional 5,459 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Goosehead Insurance by 110.0% during the 4th quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock valued at $16,054,000 after acquiring an additional 78,434 shares during the period.

Goosehead Insurance Price Performance

GSHD stock traded up $4.93 during midday trading on Friday, reaching $113.83. The company had a trading volume of 406,009 shares, compared to its average volume of 274,290. The firm has a 50-day moving average price of $108.98 and a 200-day moving average price of $111.59. The company has a market capitalization of $4.27 billion, a P/E ratio of 158.10, 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 debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. During the same quarter in the previous year, the company posted $0.28 EPS. Goosehead Insurance's quarterly revenue was up 17.2% compared to the same quarter last year. On average, research analysts anticipate that Goosehead Insurance, Inc will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. BMO Capital Markets cut their price target on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Truist Financial reaffirmed a "hold" rating and set a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Bank of America upped 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. Piper Sandler cut their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $115.40.

Insiders Place Their Bets

In other news, Director Thomas Mcconnon sold 205,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the completion of the sale, the director now owns 339,008 shares of the company's stock, valued at approximately $41,138,620.80. The trade was a 37.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark E. Jr. Jones bought 1,010 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $118.02 per share, with a total value of $119,200.20. Following the completion of the acquisition, the chief financial officer now directly owns 2,342 shares in the company, 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. Insiders sold 412,778 shares of company stock valued at $48,147,358 over the last three months. Insiders own 37.76% of the company's stock.

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.