BNP Paribas Financial Markets Sells 16,753 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

BNP Paribas Financial Markets decreased its position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 75.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,447 shares of the company's stock after selling 16,753 shares during the period. BNP Paribas Financial Markets' holdings in Goosehead Insurance were worth $584,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in Goosehead Insurance during the 4th quarter worth about $39,000. Kestra Investment Management LLC acquired a new position in Goosehead Insurance during the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC grew its stake in Goosehead Insurance by 462.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock valued at $64,000 after purchasing an additional 509 shares in the last quarter. Jones Financial Companies Lllp increased its position 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 last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Goosehead Insurance during the 4th quarter worth approximately $148,000.

Insider Buying and Selling

In other Goosehead Insurance news, Director Thomas Mcconnon sold 205,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the transaction, the director now owns 339,008 shares in the company, valued at $41,138,620.80. This trade represents a 37.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark E. Jr. Jones bought 1,010 shares of Goosehead Insurance stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $118.02 per share, with a total value of $119,200.20. Following the transaction, the chief financial officer now owns 2,342 shares of the company's stock, valued at $276,402.84. This trade represents a 75.83% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 413,883 shares of company stock valued at $48,268,964. Insiders own 48.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GSHD shares. JMP Securities reissued a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. BMO Capital Markets dropped their target price on shares of 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, Piper Sandler reduced their price target on 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 issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $115.40.

Goosehead Insurance Stock Performance

Shares of GSHD stock traded up $1.72 during midday trading on Tuesday, hitting $110.52. 159,065 shares of the company were exchanged, compared to its average volume of 272,727. Goosehead Insurance, Inc has a 52 week low of $54.80 and a 52 week high of $130.39. The firm has a market capitalization of $4.15 billion, a P/E ratio of 153.50, a PEG ratio of 5.17 and a beta of 1.45. The firm's 50 day moving average price is $108.26 and its two-hundred day moving average price is $111.64. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

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

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.