Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 26.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,094 shares of the company's stock after selling 40,520 shares during the period. Bank of America Corp DE owned about 0.30% of Goosehead Insurance worth $12,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at about $39,000. Kestra Investment Management LLC purchased a new stake in Goosehead Insurance in the 4th quarter worth approximately $63,000. Smartleaf Asset Management LLC grew its stake in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after purchasing an additional 509 shares during the period. Jones Financial Companies Lllp increased its holdings 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 valued at $97,000 after purchasing an additional 309 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Goosehead Insurance in the 4th quarter valued at $148,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GSHD shares. 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. Piper Sandler cut their price target on Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. BMO Capital Markets dropped their price objective on Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of "Hold" and an average target price of $115.40.

Insiders Place Their Bets

In other news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the transaction, the insider now owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. The trade was a 12.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Lindy Langston sold 1,105 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $110.05, for a total transaction of $121,605.25. The disclosure for this sale can be found here. Insiders have sold 413,883 shares of company stock valued at $48,268,964 in the last ninety days. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Price Performance

Shares of NASDAQ:GSHD traded down $0.81 during trading on Wednesday, reaching $109.71. The stock had a trading volume of 13,821 shares, compared to its average volume of 271,703. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The business has a fifty day moving average price of $108.16 and a 200-day moving average price of $111.64. The stock has a market cap of $4.12 billion, a PE ratio of 152.47, a PEG 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.

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

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.