Envestnet Asset Management Inc. Buys 2,471 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Envestnet Asset Management Inc. raised its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,990 shares of the company's stock after acquiring an additional 2,471 shares during the quarter. Envestnet Asset Management Inc. owned 0.32% of Goosehead Insurance worth $12,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in GSHD. Geode Capital Management LLC lifted its stake in Goosehead Insurance by 0.9% during the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company's stock valued at $57,476,000 after purchasing an additional 5,969 shares during the last quarter. Alberta Investment Management Corp increased its holdings in shares of Goosehead Insurance by 232.8% in the fourth quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock valued at $3,923,000 after buying an additional 25,595 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Goosehead Insurance during the 4th quarter valued at $536,000. Principal Financial Group Inc. lifted its position in shares of Goosehead Insurance by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock valued at $12,744,000 after acquiring an additional 4,333 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in shares of Goosehead Insurance during the 4th quarter worth $8,737,000.

Goosehead Insurance Stock Up 3.8 %

Shares of NASDAQ:GSHD traded up $3.92 during trading on Wednesday, reaching $107.14. 30,691 shares of the company traded hands, compared to its average volume of 275,920. The firm has a fifty day simple moving average of $114.42 and a 200 day simple moving average of $111.13. 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, Inc has a 1-year low of $50.47 and a 1-year high of $130.39. The firm has a market cap of $4.00 billion, a P/E ratio of 148.81, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GSHD shares. Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Piper Sandler dropped their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Bank of America upped their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday, February 25th. Truist Financial reiterated a "hold" rating and set a $90.00 price objective (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. Finally, UBS Group increased their target price on Goosehead Insurance from $120.00 to $145.00 and gave the company a "buy" rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $110.10.

Insider Buying and Selling

In other Goosehead Insurance news, CFO Mark E. Jr. Jones purchased 1,010 shares of the company's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 500 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $120.12, for a total transaction of $60,060.00. Following the transaction, the insider now owns 132,349 shares in the company, valued at $15,897,761.88. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 308,812 shares of company stock worth $37,392,258. Corporate insiders own 48.35% 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.