D. E. Shaw & Co. Inc. Grows Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

D. E. Shaw & Co. Inc. lifted its position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 89.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,969 shares of the company's stock after purchasing an additional 96,309 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.55% of Goosehead Insurance worth $21,870,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GSHD. R Squared Ltd acquired a new stake in Goosehead Insurance in the fourth quarter valued at approximately $39,000. Kestra Investment Management LLC acquired a new position in Goosehead Insurance in the 4th quarter valued at $63,000. Smartleaf Asset Management LLC increased its stake in Goosehead Insurance by 462.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after buying an additional 509 shares during the period. GAMMA Investing LLC grew its stake in shares of Goosehead Insurance by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company's stock worth $65,000 after purchasing an additional 257 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Goosehead Insurance by 51.8% during the 4th quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock worth $97,000 after purchasing an additional 309 shares during the period.

Insider Activity

In related news, Director Thomas Mcconnon sold 205,000 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $41,138,620.80. The trade was a 37.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total value of $60,060.00. Following the completion of the sale, the insider now owns 132,349 shares of the company's stock, valued at $15,897,761.88. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 412,778 shares of company stock worth $48,147,358 in the last quarter. 37.76% of the stock is owned by corporate insiders.

Goosehead Insurance Stock Up 2.7%

Shares of NASDAQ GSHD traded up $2.85 during midday trading on Thursday, reaching $108.90. The company's stock had a trading volume of 248,381 shares, compared to its average volume of 273,634. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a fifty-two week low of $54.80 and a fifty-two week high of $130.39. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 151.25, a PEG ratio of 5.17 and a beta of 1.45. The stock has a 50 day simple moving average of $109.14 and a 200-day simple moving average of $111.59.

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, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $75.58 million for the quarter, compared to analyst estimates of $78.59 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The business's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Equities research analysts predict that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America upped their target price on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a report on Tuesday, February 25th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price objective on shares of Goosehead Insurance in a report on Thursday, April 24th. BMO Capital Markets cut their target price on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. cut their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial reaffirmed a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance 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.